BTC Hits $111K as ETF Inflows Surge to 1-Month High
- Bitcoin ETFs saw $934M inflows, the highest since April 22.
- BTC hit $111,968 before a slight pullback on profit-taking.
- Futures markets remain bullish, but options activity shows short-term caution.
Institutional interest rebounds sharply as BTC crosses the $111K mark. Bitcoin set a new all-time high yesterday, soaring to $111,968, a milestone that triggered a wave of institutional investment. The rally pushed over $934 million into spot Bitcoin Exchange-Traded Funds (ETFs), marking the highest single-day inflow since April 22, according to data from SosoValue.
This surge in capital inflow reflects renewed institutional confidence in Bitcoin’s long-term potential. It also signals that large investors view the latest price breakout as more than a short-term spike.
$934 Million in a Day: ETF Demand Reignites
Spot Bitcoin ETFs brought in $934.74 million of capital on Thursday, the seventh day of consecutive inflows. The momentum is strong evidence that institutions are again considering Bitcoin to be a valid asset class, particularly as macroeconomic conditions stabilize and regulatory clarity increases.
BlackRock’s iShares Bitcoin Trust (IBIT) took the top spot, recording $877.18 million of net inflows on the day. The fund has now accumulated a whopping $47.55 billion of total net inflows.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) was next with a respectable $48.66 in inflows, raising its total to $11.88 billion. These movements indicate a return of institutional appetite for digital assets, especially as ETF vehicles offer safer, regulated exposure to BTC.
BTC Price Slightly Retreats on Profit-Taking
Following its impressive run-up to $111,968, Bitcoin is now trading at $110,752, reflecting a modest 1% decline over the past 24 hours. The fall, say analysts, is simply short-term traders selling at a profit usual occurrence at high price benchmarks.
In spite of the dip involved in this, sentiment still looks decidedly bullish. Bitcoin’s funding rate stands at 0.0105%, staying positive, meaning that futures traders are willing to pay premiums to hold long positions indicator that sentiments remain optimistic. On the other hand, the options market tells us to be cautious.
On-chain data indicates an increase in put options, which means of investors is hedging against potential losses or expecting short-term corrections. This divergence tells us there is a market dynamic where there is short-term risk management and long-term bullish conviction
Thus, though hesitation is developing among certain derivative traders, the overall pattern of ETF inflows and positive funding rates conspires to enable a continued upward move for BTC in the weeks ahead.
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BTC Hits $111K as ETF Inflows Surge to 1-Month High
- Bitcoin ETFs saw $934M inflows, the highest since April 22.
- BTC hit $111,968 before a slight pullback on profit-taking.
- Futures markets remain bullish, but options activity shows short-term caution.
Institutional interest rebounds sharply as BTC crosses the $111K mark. Bitcoin set a new all-time high yesterday, soaring to $111,968, a milestone that triggered a wave of institutional investment. The rally pushed over $934 million into spot Bitcoin Exchange-Traded Funds (ETFs), marking the highest single-day inflow since April 22, according to data from SosoValue.
This surge in capital inflow reflects renewed institutional confidence in Bitcoin’s long-term potential. It also signals that large investors view the latest price breakout as more than a short-term spike.
$934 Million in a Day: ETF Demand Reignites
Spot Bitcoin ETFs brought in $934.74 million of capital on Thursday, the seventh day of consecutive inflows. The momentum is strong evidence that institutions are again considering Bitcoin to be a valid asset class, particularly as macroeconomic conditions stabilize and regulatory clarity increases.
BlackRock’s iShares Bitcoin Trust (IBIT) took the top spot, recording $877.18 million of net inflows on the day. The fund has now accumulated a whopping $47.55 billion of total net inflows.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) was next with a respectable $48.66 in inflows, raising its total to $11.88 billion. These movements indicate a return of institutional appetite for digital assets, especially as ETF vehicles offer safer, regulated exposure to BTC.
BTC Price Slightly Retreats on Profit-Taking
Following its impressive run-up to $111,968, Bitcoin is now trading at $110,752, reflecting a modest 1% decline over the past 24 hours. The fall, say analysts, is simply short-term traders selling at a profit usual occurrence at high price benchmarks.
In spite of the dip involved in this, sentiment still looks decidedly bullish. Bitcoin’s funding rate stands at 0.0105%, staying positive, meaning that futures traders are willing to pay premiums to hold long positions indicator that sentiments remain optimistic. On the other hand, the options market tells us to be cautious.
On-chain data indicates an increase in put options, which means of investors is hedging against potential losses or expecting short-term corrections. This divergence tells us there is a market dynamic where there is short-term risk management and long-term bullish conviction
Thus, though hesitation is developing among certain derivative traders, the overall pattern of ETF inflows and positive funding rates conspires to enable a continued upward move for BTC in the weeks ahead.
Highlighted Crypto News Today:
Massachusetts Man Sentenced to 6 Years for Running Unlicensed Bitcoin Business
Read More