Bitcoin Crosses $71K as U.S. Spot ETFs See Best Inflows Since March

Bitcoin crossed the $71,000 mark on Wednesday after spot bitcoin ETFs saw their best day of inflows since March. The CoinDesk 20 Index also rose by around 2.8%. US spot bitcoin ETFs received over $880 million in inflows on Tuesday, with Fidelity's FBTC leading the way with $378 million. Bain Capital Crypto plans to launch a second fund, more than two years after its first in March 2022. Bitcoin open interest has also spiked over $2 billion since Monday, indicating a rise in money entering the market.