Bitcoin is on the rise, up 4.3% in the last 24 hours. It has reached a five-month high, thanks to $417 million in spot ETF inflows on Monday.

This surge brought Bitcoin (BTC) close to $72,000, just shy of its March record of $73,700. As of now, it's trading at $71,700, showing a solid increase.

The uptick in Bitcoin's value is largely due to U.S.-based spot ETFs. These funds saw $417 million in inflows on Monday, according to Farside Investors. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $315 million of that total, bringing its assets under management to $28 billion. Today, IBIT is up by 3.1%.

However, despite Bitcoin's strong performance, many crypto stocks aren't seeing huge gains today. For example, MicroStrategy (MSTR), which has outperformed Bitcoin in recent months, is only up 0.9%. Coinbase (COIN) has seen a slight increase of 1.2%.

Looking at the mining companies, MARA Holdings (MARA) is up 1.4%. Riot Platforms (RIOT) and Hut 8 (HUT) both gained 3%.

Bitfarms (BITF) stands out with a 5.3% increase. This rise may be linked to the news that the company nominated Andrew Chang, a former COO of stablecoin issuer Paxos, for its board of directors. This nomination could influence the ongoing hostile takeover bid from Riot Platforms, as noted by TheMinerMag.