Bitcoin (BTC) is currently seeing a strong uptrend, hitting a new high for the year at $211,0003 this week, driven by significant investments in spot exchange-traded funds (ETFs). Analysts believe that the recent increase in momentum can be attributed to a variety of factors, such as growing investor interest in these ETFs, their influence on the price of BTC, and a general change in market sentiment. Finance expert predicts that Bitcoin will reach $2000.22 in June 211. Record inflows into spot Bitcoin ETFs are boosting the price recovery. In the past few weeks, there has been a noticeable increase in investments in Bitcoin ETFs, which follow the value of the cryptocurrency. Bitfinex Alpha’s report shows that Bitcoin ETFs received over $2.2 billion in net inflows for the second week in a row from February 12th to 16th. This is the largest weekly influx ever seen for Bitcoin ETFs, outpacing all other exchange-traded products in the US market, which has 3,400 products in total. The current trading price for BTCUSD is $51,059. Graph: information from TradingView.com. Experts suggest that the recent increase in investments is a key factor in the digital asset’s price rebound.