Bitcoin ETFs Surge Past $600M in Daily Inflows as BTC Crosses $110K Milestone

Bitcoin spot ETFs witnessed another major injection of capital on Wednesday, continuing a six-day streak of inflows that reflects rising investor enthusiasm. Over $600 million was funneled into these funds within 24 hours, riding the momentum of Bitcoin’s latest price breakout above $110,000.

The surge in demand saw net inflows into Bitcoin ETFs jump to $608.99 million, a sharp 85% increase compared to Tuesday’s $329 million. This marked the sixth consecutive day of net gains for BTC spot ETFs, underlining renewed market confidence in the world’s largest cryptocurrency.

Institutional Appetite Grows as BlackRock Leads the Pack

BlackRock’s iShares Bitcoin Trust (IBIT) dominated the inflow charts once again, attracting $530.63 million in a single day. This brought its total net inflows to an impressive $46.68 billion, reinforcing its lead as the most popular Bitcoin ETF in the market. Fidelity’s FBTC followed, drawing in $23.53 million on the day, pushing its cumulative net inflows to $11.83 billion.

With these fresh additions, the combined net asset value of all U.S.-listed spot Bitcoin ETFs has now reached approximately $129.02 billion.

Bitcoin Hits Record High, Derivatives Market Signals Growing Bullish Bias

In the early hours of Thursday’s Asian trading session, Bitcoin set a new all-time high at $111,880, before settling slightly lower at $111,618. The upward momentum has ignited bullish sentiment across both spot and derivative markets.

Perpetual futures funding rates — a measure of sentiment among leveraged traders — climbed to 0.018%, the highest one-day rate since February 22. This indicates an increased willingness among traders to bet on further gains, though it also raises caution for potential volatility.

Options traders, meanwhile, appear more measured. While bullish interest remains elevated, some are bracing for short-term corrections, reflecting a cautious optimism amid Bitcoin’s latest rally.