Bitcoin (BTC) is currently priced at $34,491, and institutional investment vehicles are experiencing a surge in volume due to the excitement surrounding potential regulatory changes in the United States. Data from sources like Bloomberg indicate that Bitcoin exchange-traded funds (ETFs) and other investment options are receiving record weekly inflows. For example, the ProShares Bitcoin Strategy ETF (BITO) traded $1.7 billion, marking its second-largest week since its initial launch. The Grayscale Bitcoin Trust (GBTC) also saw $800 million in volume, helping to reduce its discount to the Bitcoin spot price to a two-year low. This increase in activity suggests a growing interest in Bitcoin investment options, even those considered less desirable than spot exposure. Some speculate that legacy finance might possess insider information regarding upcoming developments in the Bitcoin market. Despite this, investment management firm ARK Invest has reduced its holdings in GBTC, preparing for the launch of its own Bitcoin spot ETF. It’s important to conduct thorough research before making any investment or trading decisions, as the market involves risks.