Bitcoin nears $98K after ETF inflows hit 3-month high

The price of Bitcoin (BTC) approached $98,000 on Jan. 14 after U.S. spot exchange-traded funds (ETFs) linked to BTC logged their largest daily inflows in three months the previous day. Bitcoin ETFs are funds that track the value of Bitcoin and trade on traditional trading exchanges rather than cryptocurrency exchanges. These funds provide indirect crypto exposure to retail traders and are easily accessible. Related: XRP surges as Ripple lands major license Bitcoin ETFs register strongest day in more th ...