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$790 Million Boost for Bitcoin Amid ETF Approvals

7/8/2025

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Summary

Story summary

Bitcoin investment products saw a significant $790 million influx last week, a drop from the usual $1.5 billion. As Bitcoin approaches its record price of $112,000, Ethereum also climbed 2% to $2,560. Meanwhile, the SEC is expediting ETF approvals, with Trump Media's crypto ETF application moving forward, signaling a surge in institutional interest in digital currencies.

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Story summary

Bitcoin investment products saw a significant $790 million influx last week, a drop from the usual $1.5 billion. As Bitcoin approaches its record price of $112,000, Ethereum also climbed 2% to $2,560. Meanwhile, the SEC is expediting ETF approvals, with Trump Media's crypto ETF application moving forward, signaling a surge in institutional interest in digital currencies.