High buying interest

Bitcoin at its highest level since December 2021

Demand for exchange-traded Bitcoin funds (ETFs) is driving Bitcoin to a two-year high. The value of the most important cryptocurrency rose by around 4% to USD 49,398, making it the most expensive it has been since December 2021.

Ethereum advances by just under two percent in its wake. "The launch of the ETF investment vehicles is now bearing its first fruits. The USD 50,000 mark could soon fall," commented Timo Emden from analyst firm Emden Research.

The sustainability of the rally indicates that the buying interest of institutional investors is particularly high. At the same time, the sharp price rises are likely to attract more private investors at the latest when the Bitcoin price is halved in April. ETFs allow investors to gain access to Bitcoin via regulated providers without having to go through a crypto exchange.