US Spot Bitcoin ETFs Hit $221.7M Daily Inflows, Best Since May
US spot Bitcoin ETFs recorded $221.7M in daily inflows, their strongest single-day intake since early May, as Bitcoin climbs back above $61,000.
US spot Bitcoin exchange-traded funds pulled in $221.7 million in a single trading day, marking their strongest daily inflow figure since early May, as the leading cryptocurrency clawed back above the $61,000 price level, according to data reported by Cointelegraph.
The milestone signals a meaningful return of institutional and retail appetite for Bitcoin-linked investment vehicles after a prolonged lull in fund flows. Spot Bitcoin ETFs, which hold actual Bitcoin rather than futures contracts, have been closely watched as a barometer of mainstream investor conviction since their US launch earlier this year.
Read more Unusual Options Activity Flags 10 Tech Stocks Watched by Whales →
Bitcoin's recovery above $61,000 appears to have acted as a confidence trigger for ETF buyers, suggesting that price momentum and fund inflows may be reinforcing each other. Analysts have noted that sustained ETF demand at this level could provide structural support for Bitcoin's price by removing supply from open circulation.
The $200 million-plus threshold is widely viewed by market participants as a significant benchmark for daily ETF activity, and crossing it for the first time in roughly four months underscores a notable shift in sentiment. Whether this resurgence in demand marks the beginning of a sustained trend or a short-term bounce remains an open question for traders heading into the final stretch of the year.
Continue reading at Cointelegraph.