Bitcoin rallied all the way, breaking through the 100,000 dollar mark. A large part of the money demand driving the price of Bitcoin has recently flowed into Bitcoin ETFs. Jay Jacobs, US head of BlackRock Themed and Active ETFs, said the value of the IBIT ETF has grown to more than $45 billion since its launch in January, adding $4.10 billion to its value in the past month alone. Jacobs said that in addition to the election victories of more crypto-friendly candidates, a growing number of investors across the wealth spectrum are starting to see Bitcoin as a hedge against geopolitical risks and inflation-induced currency devaluations. As ETFs become an easy-to-use way for investors to understand bitcoin price movements, it is only a matter of time before mainstream market interest in cryptocurrencies reaches a tipping point.