On Wednesday, Bitcoin surged past the $90,000 mark, driven by positive U.S. inflation data, ultimately reaching a new all-time high of over $93,000. Alongside this price movement, Bitcoin ETFs in the U.S. saw a substantial inflow, bringing in a total of $510.11 million in new interest for the day, according to SoSoValue data. This influx into Bitcoin ETFs added to the optimism in the market, reflecting growing enthusiasm among investors.
Leading the charge was BlackRock’s IBIT fund, which attracted $230.81 million, capturing nearly half of the day’s inflows. Fidelity’s FBTC fund followed closely, adding $186.07 million in fresh interest. Grayscale’s BTC fund also contributed significantly, recording $61.30 million in new inflows.
The other funds with inflows for the day included:
- Ark Invest’s ARKB fund, which gained $14.47 million
- Bitwise’s BITB fund, adding $12.33 million
- VanEck’s HODL fund, with an increase of $5.12 million
Meanwhile, other major Bitcoin ETFs such as Grayscale’s GBTC, Invesco’s BTCO, Franklin & Templeton’s EZBC, Valkyrie’s BRR, and WisdomTree’s BTCW remained steady, recording no inflows or outflows for the day.
As of the latest data from CoinMarketCap, Bitcoin is trading at $89,954. These strong inflows highlight the growing interest in Bitcoin ETFs, further supported by stable inflation figures. This trend points to increasing confidence in Bitcoin as investors respond positively to both the price movement and supportive market conditions. We’ll continue to monitor daily ETF inflows and outflows as they reflect broader sentiment and market direction for Bitcoin.