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According to recent data, institutional interest in Bitcoin has sharply and unexpectedly increased. According to SoSoValue, Bitcoin spot ETFs saw net inflows of over $523 million over the past day. As Bitcoin attempts to regain its footing above the $104,000 mark, this represents one of the biggest single-day inflows in weeks and may indicate that big investors are stealthily returning to the market.
Wall Street is back to Bitcoin
With $165.8 million and $102.5 million, respectively, the biggest contributions came from Fidelity's FBTC and ARK's ARKB. An additional $224 million were added to BlackRock's IBIT, the biggest Bitcoin ETF based on total net assets. The total assets under management for all BTC ETFs have reached $137.8 billion, or about 6.7% of Bitcoin's total market capitalization, while cumulative inflows have now reached $60.49 billion. A technical recovery on the Bitcoin chart corresponds to this new wave of institutional involvement.
Bitcoin has been rising steadily since falling below $100,000, and it is currently trading at about $104,600. A short-term rising trendline is forming in the price action, but momentum is still erratic. Interestingly, this slight price increase coincides with comparatively low spot trading volumes, indicating that institutional ETF demand might be carrying out the majority of the work in the background.
At $107,000 and $111,000, respectively, Bitcoin is still stuck below the 100-day and 200-day moving averages, which are crucial barriers to a long-term bullish reversal. The market has not yet transitioned from recovery to true strength, as indicated by the RSI around 44.
Institutional inflows of this size, however, should not be disregarded. Because they frequently represent capital reallocation from traditional portfolios into digital assets, ETF demand spikes have historically preceded medium-term rallies. Bitcoin may get the fundamental support it needs to challenge the $110,000-$112,000 range once more if inflows continue over the next few days, possibly rekindling broader market optimism.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team