In recent trading, Bitcoin (BTC) surged to $34,350, driven by growing anticipation of US regulatory changes. Bitcoin exchange-traded funds (ETFs) and institutional investment options saw record weekly inflows, with ProShares Bitcoin Strategy ETF (BITO) trading $1.7 billion in a week. Grayscale Bitcoin Trust (GBTC) also experienced a boost, as the US mulls a Bitcoin spot price-based ETF.