tl;dr
On Monday, Bitcoin's price surpassed $105,000, boosting institutional investor confidence and leading to over $650 million in inflows into spot Bitcoin ETFs, primarily BlackRock’s IBIT ETF. US-listed spot BTC ETFs saw a combined net inflow of over $667 million, marking the highest single-day inflow ...
On Monday, Bitcoin surged past $105,000, igniting institutional investor enthusiasm and driving more than $650 million in inflows into spot Bitcoin ETFs, with BlackRock’s IBIT ETF leading the charge.
US-listed spot BTC ETFs recorded a record single-day net inflow of $667.44 million, marking a fourth consecutive day of inflows and signaling increasing institutional interest amid a recovering market.
BlackRock’s IBIT ETF attracted $305.92 million, pushing its cumulative net inflows to $45.86 billion, while Fidelity’s FBTC ETF saw $188.08 million in inflows, boosting its total to $11.78 billion.
Bitcoin's price rallied 3% to close at $105,543, briefly reaching an intraday high of $107,108. Meanwhile, BTC futures open interest hit a year-to-date peak of over $70 billion, reflecting heightened bullish sentiment.
Rising demand for BTC call options further confirms market optimism, suggesting a strong potential for a sustained rally and possibly new all-time highs in the near future.