U.S. Bitcoin (CRYPTO:BTC) ETFs witnessed an unprecedented surge in acquisitions, acquiring nearly two months' worth of Bitcoin mining supply in just one trading week.

With approximately $1.83 billion inflows, these funds purchased 25,729 BTC, marking a significant increase compared to May's total acquisitions.

This surge reflects growing institutional interest in Bitcoin, with ETF assets under management reaching around $61 billion since their January launch.

Despite Bitcoin's recent price surge, its ability to surpass its current all-time high remains influenced by macroeconomic factors and geopolitical events, according to experts.