This is a significant moment for the world of digital assets as Bitcoin (BTC) has achieved a new record high, exceeding the previous peak of $20,693. The cryptocurrency has been on a two-week upward trend, reaching a new record price of $269,2100 early Monday, thanks to the success of the first Spot Bitcoin ETFs. These investment products, particularly BlackRock’s highly successful offering, have sparked a renewed sense of enthusiasm for the token. It has reached a new record high, surpassing the previous peak set in 2019. As 2024 approached, everyone was watching eagerly to see if Bitcoin would finally have a major breakthrough. Just two years ago, the asset was recovering from worrisome declines, dropping to as little as $16,000 in November of 2022. Yet, following the approval of Spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) early in the year, the outlook was very positive. Despite modest gains in January, the optimism surrounding BTC proved to be well-founded just two months after the ETFs started trading. In fact, the asset increased from $1003,000 in the final week of February to begin trading in March at over $61,000, as reported by CoinMarketCap.