The cryptocurrency market witnessed a dramatic surge in investor confidence this week, highlighted by Bitcoin (BTC) clearing the critical $95,000 psychological barrier. Simultaneously, US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded massive inflows, accumulating a collective $754 million in net assets. This significant capital injection underscores growing institutional adoption and robust retail interest in regulated crypto products.
The $754 million figure marks one of the strongest trading days recorded since the launch of these financial instruments earlier this year. Analysts suggest that the sustained ETF success acts as a powerful demand shock, absorbing large amounts of available BTC supply and contributing directly to the recent price appreciation. Major contributors to the net inflow included reduced outflows from the Grayscale Bitcoin Trust (GBTC) and strong accumulation by newer funds like the iShares Bitcoin Trust (IBIT), indicating a widespread shift toward exposure through regulated products.
Driving the momentum, the surge past the $95,000 level has renewed optimism about Bitcoin’s immediate trajectory. Market sentiment is heavily influenced by the looming supply constraints stemming from the upcoming halving event, coupled with the proven, consistent demand from institutional ETF purchases. Should the inflow momentum into ETFs remain steady, many analysts project a rapid move toward the $100,000 benchmark, solidifying Bitcoin’s status as a dominant asset class.
Source: Bitcoin ETFs Draw in $754M as BTC Clears $95K
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