Bitcoin (BTC) Reclaims $100,000 as Spot ETFs Log Continued Inflows

Spot Bitcoin ETFs recorded another day of strong net inflows on Thursday, as Bitcoin (BTC) surged back above the $100,000 mark for the first time

Bitcoin (BTC) continued its ascent on Thursday, reclaiming the $100,000 mark for the first time since February as the cryptocurrency major logged another day of strong net inflows into its U.S. exchange-traded funds (ETFs).

The milestone, which also saw zero reported outflows across all major ETF products for the day, highlighted the enduring institutional interest in Bitcoin’s long-term potential.

As reported by blockchain analytics firm Farside, net inflows across all U.S. spot Bitcoin ETFs reached $117.4 million on Thursday—a slight decrease from Wednesday’s $142.3 million, possibly due to minor profit-taking after BTC crossed the key psychological six-figure price.

However, despite the daily dip, ETF inflows remained substantial. Among the leading contributors were BlackRock’s iShares Bitcoin Trust (IBIT), which reported $69 million in inflows, increasing its cumulative net inflow to $44.3 billion.

Fidelity’s FBTC also saw significant inflows, reporting $35.3 million and raising its total to $11.6 billion since inception.

Moreover, none of the major U.S. spot Bitcoin ETFs reported any outflows during Thursday’s session. This rare occurrence signifies that investors, both retail and institutional, are displaying strong conviction and resilience in the face of recent market fluctuations.

The persistent inflows amid Bitcoin’s recent rally attest to a maturing ETF market that is increasingly being utilized as a vehicle for long-term exposure rather than a short-term speculative tool.