Bitcoin ETFs Witness Largest Daily Inflow Since February Amid Price Surge

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded significant net inflows on Wednesday, signaling a potential resurgence in institutional demand for the cryptocurrency.

The influx of capital into these ETFs totaled $506 million, marking their largest daily intake since February 2. This development comes as Bitcoin's price continues to rise, exceeding $68,000, and is accompanied by an increase in total crypto market capitalization.

BlackRock’s iShares Bitcoin Trust led the inflows with approximately $297 million, followed by contributions to funds managed by Bitwise and Fidelity. These inflows are a stark contrast to the five consecutive weeks of net outflows totaling $3.8 billion that preceded them.