Bitcoin Surpasses $100K as Institutional Interest Grows, Introducing a New Trading Innovation

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Bitcoin surged past $100,000 on May 8, reaching $103,633 as institutional investors ramped up ETF inflows. Data from Farside Investors revealed $142.3 million in net inflows, signaling strong institutional interest. The ARK 21Shares Bitcoin ETF led the way with $54 million, followed by Fidelity’s Wise Origin Bitcoin Fund with $39 million and BlackRock’s iShares Bitcoin Trust at $37 million. Notably, BlackRock acquired 86 Bitcoin worth $8.4 million on May 7.

Meanwhile, BingX is addressing the limitations of centralized (CEX) and decentralized (DEX) exchanges with its new ChainSpot feature. ChainSpot combines the seamless experience of CEX with the transparency and low-cost benefits of DeFi, offering users a more efficient and user-friendly on-chain trading solution. Traders can now directly trade popular digital assets using USDT from their Spot Account, simplifying the process and reducing entry barriers.

Furthermore, For more details, check the recently concluded AMA on the official BingX Twitter page to learn more about CHAINSPOT. Take advantage of this information.