Bitcoin reached a new all-time high price above $69,000 on Tuesday, about two months after the launch of ten spot bitcoin ETFs in the US. Experts said the new all-time high would have still happened without the ETFs, but the ETF flows have likely accelerated this price cycle. One expert estimated Bitcoin would not have reached a new ATH so soon without the ETF tailwind. The ETFs have accumulated over 163,000 bitcoins since launching in January despite Grayscale's outflows.
