Institutional Demand Boosts Bitcoin ETF Flows to Record High

The crypto market has witnessed a significant surge in institutional demand, with US spot Bitcoin ETFs experiencing their largest daily intake in over three weeks.

This influx of capital was led by BlackRock's flagship fund, IBIT, which absorbed nearly $297.4 million in fresh capital, equivalent to around 4,300 BTC worth of demand during the session.

The synchronized buying across multiple issuers, including Fidelity, Bitwise, and ARK 21Shares, suggests that asset managers are rebalancing client portfolios and seeking exposure through regulated vehicles.