Bitcoin Surges Past $108,000 Amid $547.7M ETF Inflows
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Bitcoin has rebounded above $108,000, driven by significant institutional inflows into Bitcoin exchange-traded funds (ETFs). The ETFs recorded their second-largest single-day inflow for June, totaling $547.7 million, with BlackRock's iShares Bitcoin Trust leading at $340 million, followed by Fidelity's FBTC at $115 million. This surge in inflows highlights continued institutional interest despite ongoing geopolitical tensions.
In related developments, Bitcoin Pepe, a meme-focused Layer 2 solution on the Bitcoin network, has raised over $15.6 million in its presale. The project, which aims to merge Bitcoin's security with Solana-like scalability, has announced partnerships to bolster its ecosystem. The BPEP token is set to be listed on MEXC and BitMart, with a listing announcement expected on June 30.