Bitcoin Breaks ATH Resistance as US Spot Bitcoin Exchange Traded Funds (ETFs) Inflows High! Here’s the Latest Data

US-based spot Bitcoin exchange-traded funds (ETFs) recorded a total net inflow of $609 million on Wednesday, continuing positive flows for the sixth consecutive day.

BTC Reaches All-Time High as $609 Million Inflows Into Spot Bitcoin ETFs

This strong capital inflow coincided with Bitcoin breaking a new record, surpassing its previous peak of $108,000. The leading cryptocurrency is currently trading above $111,000.

According to experts, Bitcoin’s recent surge is largely due to institutional factors, with major funds turning to spot ETFs and public companies raising funds for Bitcoin investments being among the main drivers of the rise.

“Today’s demand is driven by institutional infrastructure and a clearer regulatory environment. Investor sentiment has now shifted significantly in favor of institutional-grade allocations,” said Caroline Bowler, CEO of BTC Markets.

According to data provider SoSoValue, the largest portion of net inflows on Wednesday was made to BlackRock’s IBIT fund: a full $530.6 million. Other major ETFs, including Fidelity’s FBTC, Bitwise’s BITB and Grayscale Mini BTC Trust, also recorded positive inflows exceeding $20 million. VanEck, Ark & 21Shares and Valkyrie funds also finished the day with net inflows.

The 12 spot Bitcoin ETFs saw $7.64 billion in trading volume on Wednesday, the highest daily volume since Feb. 25. Net inflows of $4.24 billion were made to the ETFs in May, bringing the total cumulative inflow to $43.38 billion.

HashKey Capital Partner Jupiter Zheng stated that with this rise, Bitcoin has now entered “uncharted territory” and volatility may increase in the coming period. According to Zheng, investors have now started to include geopolitical and macroeconomic uncertainties in long-term pricing.

*This is not investment advice.

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