Bitcoin’s record-setting surge above $111,000 has rippled quickly into the exchange-traded fund market.
Fresh Record Unleashes a Wave of Institutional Cash
Spot Bitcoin exchange-traded funds soaked up nearly $935 million in net inflows in a single session, the strongest one-day haul since April 22.
The rush of capital arrived on the seventh consecutive day of positive flows, underscoring a clear revival of conviction among large investors.
BlackRock’s IBIT product did most of the heavy lifting, reeling in $877 million and lifting its lifetime tally toward $47.6 billion.
Fidelity’s FBTC secured the day’s second-largest contribution at just under $49 million, adding to a total pile approaching $11.9 billion.
Pullback Follows Euphoria but Underlying Momentum Stays Firm
After spiking to an all-time high of $111,968, Bitcoin cooled to about $110,750 as short-term traders banked profits.
Despite the 1 percent dip, funding rates in perpetual futures stayed positive at roughly 0.0105 percent, showing that leveraged longs remain willing to pay to keep positions open.
Options desks told a different, more defensive story: put volumes briefly outpaced calls, hinting that some investors hedged their downside.
Longer-Term Bulls Shrug Off Near-Term Jitters
Analysts framed the brief retreat as “healthy consolidation,” pointing to seven straight days of ETF inflows as proof big-ticket buyers are anchoring for higher ground.
“We’re seeing investors respond not just to momentum but to a maturing asset class,” one strategist noted.
At the same time, technical desks highlighted that Bitcoin’s average funding rate has trended higher for two weeks while open interest climbed, a combination that historically foreshadows upside extensions rather than deep corrections.
What to Watch Next
Traders now eye whether Bitcoin can hold $110 K as a new floor.
A successful defense would likely invite another lurch toward uncharted territory, while a decisive break below could entice late bulls to exit, amplifying volatility.
Either way, ETF flows have re-emerged as a barometer of institutional appetite, and Thursday’s influx suggests big money is anything but exhausted.
The data also reinforce the narrative that regulated vehicles are cementing themselves as gateways for traditional capital, even as spot traders wrestle with swings.
For now, Bitcoin’s newfound apex and the ETF buying spree appear to be feeding off each other in a feedback loop few market veterans predicted would arrive so soon after the funds launched.