Institutional Bitcoin Demand Surges Amid $630M ETF Purchases

In recent market activity, institutional demand for Bitcoin has seen a significant increase due to the purchase of $630 million worth of BTC in a single trading session by exchange-traded funds (ETFs). This substantial buying spree has reversed the previous week's selling trend and brought large asset managers back into the market.

According to blockchain analytics platform Arkham, ETFs bought more Bitcoin on Friday than they sold in the entire week prior. BlackRock led the inflows with $284.4 million, followed by Fidelity with $213.4 million, and ARK Invest with $88.5 million. These purchases have strengthened Bitcoin's position as the main asset for institutional crypto exposure.

The data also shows that Ethereum-linked ETFs exhibited similar activity, with several transactions moving batches of 10,000 ETH into Coinbase Prime deposit addresses. Additionally, Solana and XRP ETFs recorded no inflows, indicating weak institutional interest outside of Bitcoin and Ethereum.