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US-listed Bitcoin ETFs have recorded inflows for the eighth consecutive day, underscoring growing institutional confidence in Bitcoin despite ongoing market volatility.
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Wednesday’s inflows surged to $390 million, an 80% increase from the previous day, signaling renewed investor interest amid geopolitical tensions.
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BlackRock’s IBIT ETF led the inflows with $2.8 billion, bringing its total assets under management to $51 billion, reflecting strong demand for regulated BTC exposure.
US-listed Bitcoin ETFs see sustained inflows, with $390M added in one day, led by BlackRock’s IBIT, highlighting institutional demand amid market uncertainty.
Bitcoin ETFs See $390 Million Inflows
On Wednesday, Bitcoin ETFs listed in the US recorded net inflows totaling nearly $390 million, marking the eighth consecutive day of positive capital movement into the sector. This figure represents an 80% increase compared to the $216 million inflow reported the day before, emphasizing a strong resurgence of institutional interest in Bitcoin investment vehicles.
This inflow uptick coincided with Bitcoin briefly surpassing the critical $105,000 price level during trading, a psychological milestone that often influences investor behavior. Although Bitcoin has since experienced a minor retracement of approximately 0.44%, it remains resilient within this price range, signaling sustained market strength.
Among the Bitcoin ETFs, BlackRock’s spot BTC ETF, IBIT, led the inflows with a net addition of $279 million on Wednesday alone. This brings IBIT’s cumulative net inflows to an impressive $51 billion, underscoring the fund’s dominant position and investor trust in BlackRock’s management of Bitcoin exposure.
Traders Turn Bullish on Bitcoin
Bitcoin’s attempt to stabilize near the $105,000 mark is further supported by derivatives market data, which reveals a cautiously optimistic outlook among traders. The funding rate for Bitcoin perpetual futures contracts remains positive at 0.0032%, indicating that long-position holders are paying shorts, a classic sign of bullish market sentiment.
The funding rate mechanism ensures that perpetual futures prices stay aligned with the spot price, and a positive rate typically reflects confidence in upward price movement. Additionally, the options market is showing increased demand for call options, suggesting that traders anticipate a potential price reversal or rally in the near term.
This surge in call option interest, combined with steady ETF inflows, highlights a growing bullish consensus despite ongoing geopolitical and macroeconomic uncertainties. Institutional investors appear to view Bitcoin as a strategic asset for portfolio diversification and a hedge against market turbulence.
Conclusion
The sustained inflows into US-listed Bitcoin ETFs, led by BlackRock’s IBIT, coupled with positive derivatives market indicators, reflect a robust institutional appetite for Bitcoin. This trend underscores Bitcoin’s evolving role as a credible store of value amid global uncertainty. Investors should continue monitoring ETF flows and derivatives data as key indicators of market sentiment and potential price direction.
