Caroline Bowler: There are signs that "institutional money is increasingly flowing into these assets"

Bitcoin is on track for a seventh consecutive day of gains, which would be the longest streak of gains since January 2023 if the rally is sustained, data showed. Nine new spot bitcoin funds began trading in the U.S. on 11 January and have so far attracted more than $9 billion in inflows. Caroline Bowler, chief executive officer of cryptocurrency platform BTC markets Pty, said there were signs of "institutional money increasingly flowing into this asset class". Shares of crypto-related companies also rose, with MicroStrategy up 7 per cent, Coinbase Global up 3 per cent and Marathon Digital up 8 per cent.