Bitcoin has seen a remarkable influx of funds, but the pace of the inflows could create an overheated market, say analysts.
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Bank of America’s Merrill Lynch and Wells Fargo have begun offering spot bitcoin exchange-traded funds to eligible wealth management clients.
Bitcoin’s monthly gain of 47% is its largest since December 2020. The rally has also lifted Ethereum, which surpassed $3,500 since April 2022.
ASDA, the UK’s largest retailer, has partnered with Accertify, an American Express company known for its fraud protection solutions.
Unofficial project GameStop Memes (GMS) has amassed $4 million from investors. However, investors said nothing in return.