US Bitcoin ETFs Record $221M Daily Inflows, Best Since May
Spot Bitcoin ETFs in the US pulled in $221.7M in a single day, marking the strongest daily inflow since early May as Bitcoin climbs past $61,000.
US spot Bitcoin exchange-traded funds attracted $221.7 million in net inflows in a single trading day, surpassing the $200 million threshold for the first time since early May, according to data reported by Cointelegraph. The surge marks a notable reversal in investor appetite for Bitcoin-linked products after weeks of muted institutional demand.
The fresh wave of capital coincided with Bitcoin recovering above the $61,000 price level, a psychologically significant threshold that had proven difficult to sustain in recent months. The correlation between price recovery and ETF inflows suggests institutional investors may be re-entering positions as confidence in the asset's near-term trajectory improves.
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The milestone underscores how tightly spot Bitcoin ETF flows have become linked to broader market sentiment around the leading cryptocurrency. When Bitcoin trades below key support levels, inflows have historically dried up; a decisive move above them tends to unlock pent-up institutional buying. The $200 million single-day figure had not been breached since the frenzied activity seen in the spring, when Bitcoin was trading near its all-time highs.
Analysts will be watching whether this inflow momentum can be sustained over consecutive sessions, which would indicate a more durable shift in institutional positioning rather than a one-day spike. A continuation of strong inflows could provide additional price support for Bitcoin as market participants assess the macroeconomic backdrop heading into the fall.
Continue reading at Cointelegraph.
