Bitcoin's price has surpassed the $50,000 mark with potential to climb above $52,000.

The SEC's approval of spot bitcoin ETFs in January contributed to a price increase but also highlighted concerns over illegal activities.

The cryptocurrency custody sector emphasizes security, with qualified custodians offering extra safeguards and regulatory oversight.

Coinbase is the main custodian for new bitcoin ETFs, while firms consider diversifying custodians to reduce risks.

BlackRock iShares Bitcoin Trust leads in new fund inflows post-ETF launch, while the Grayscale Bitcoin Trust maintains the largest asset pool despite outflows.

Bitcoin's trading volume surged by 40%, and the Fear & Greed Index indicates 'extreme greed' for the first time in 12 months.

Analyst Tom Lee predicts Bitcoin could reach up to $150,000 in 2023, driven by new ETF demand, supply cuts, and possible monetary policy changes.