As funds flow into spot bitcoin exchange-traded funds (ETFs), major virtual asset prices are rising.

According to CoinMarketCap, a global virtual asset market tracker, as of 8:20 a.m. on the 1st, bitcoin was trading at $90,875 per coin. It rose to $91,800 at midnight the previous day but soon fell and has been fluctuating around the $90,000 level. Compared with a week earlier, however, it is up 4.48%.

An electronic display board at the Upbit Lounge in Gangnam-gu, Seoul. /Courtesy of News1

Around the same time, Ethereum was at $3,012, up 7.47% from a week earlier. Elsewhere, XRP rose 5.94% to $2.17, BNB climbed 4.3% to $884.15, and Solana gained 4.12% to $136.56.

The rally is seen as stemming from a renewed sense of optimism about virtual assets after $137 million (201.4 billion won) in net inflows to bitcoin ETFs on the 1st week.

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