π Bitcoin exchange-traded funds (ETFs) and institutional investment vehicles are experiencing a surge in volume as excitement over potential regulatory changes in the United States grows. Data from Bloomberg shows that Bitcoin ETFs and other options are nearing record weekly inflows, with BITO and GBTC trading $2.5 billion in volume. The possibility of a Bitcoin spot price-based ETF being allowed in the U.S. has not only affected the price of Bitcoin itself, but has also benefited other aspects of the cryptocurrency ecosystem. Alongside exchanges and mining firms, institutional investment options are also seeing increased demand. For example, the ProShares Bitcoin Strategy ETF (BITO) and the Grayscale Bitcoin Trust (GBTC) have both seen notable trading volume. The recent surge in interest in ETF trading has led some to speculate that traditional finance may know something about the cryptocurrency market that others are unaware of. Despite this, investment management firm ARK Invest has reduced its holdings in GBTC, although it does plan to launch a Bitcoin spot ETF.