The recent surge in Bitcoin's price, surpassing $50,000 and exceeding $52,000, can be attributed to inflows from new spot Bitcoin exchange-traded funds (ETFs). According to Marc van der Chijs, Bitcoin investor and founder of several crypto firms, ETF issuers are buying more than 10-12x the amount of BTC produced daily, leading to a 2% price increase per day.

Chijs' analysis found that most price increases occur during the settlement period before the U.S. market opens. As inflows are significantly larger than the amount of newly produced BTC, users have been selling their holdings to fill ETF orders, leading to higher prices and increased demand.

The upcoming Bitcoin halving event and the sales of shares of new ETFs could further raise the daily average increase price over the next three months. After Bitcoin's halving in April, miners' block rewards will be slashed by half, decreasing the amount of BTC produced daily and leading to higher prices as ETF issuers scramble to increase their holdings. Additionally, as most financial advisors allow the sale of shares after 90 days of trading, demand is expected to pick up more by early May, positively impacting BTC's price.