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What's going on, guys? It is Wednesday, February 28th, and today we are talking Bitcoin above 60,000.

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Hello, friends. The big story, obviously, for anyone who is watching the crypto space,

is Bitcoin pushing through 60,000. Bitcoin has been on an absolute tear up another 6% yesterday,

and once again, it seems to have been driven by ETF inflows. Black Rock, which

was the standout on Monday, recorded another $1.3 billion in volume again on Tuesday. Their product

was the fifth most traded among all U.S.-based ETFs during pre-market trading. Fidelity

also put up half a billion in volume and the overall totals were in line with Monday's trading.

Bloomberg senior ETF analyst Eric Bocunis added some color tweeting. I bet saw over 100,000 individual trades today. It was doing 30 to 60K the whole time up

until Tuesday. It's like it found a new gear over President's Day weekend. I thought maybe it was just

pen-up volume due to the long weekend, but it did even more today, so there goes that theory.

Once the flow data came in overnight, it was clear that

much of the volume had been converted into fresh investment. BlackRock gathered an eye-popping

$520 million worth of inflows, a new record for the fund which eclipsed all the other products

combined. Overall, the ETFs added $57 million for the day, with grayscale recording a relatively

large for recent for them,, 125 million in outflows.

Whale Panda, who has become crypto-Twitter's premier flow tracker commented,

...