Bitcoin exchange-traded funds (ETFs) in the U.S. saw strong inflows. On Wednesday, net inflows reached $936.43 million, a huge jump from $381.40 million the day before.
This marks the largest daily inflow since January 17. It suggests that institutional interest in Bitcoin is rising again after a quiet period.
With daily net inflows of $267.10 million, ARKB, the Ark Invest and 21Shares ETF, was in the lead. This indicates that it has received $2.87 billion in net inflows overall. With net inflows of $253.82 million, Fidelity’s FBTC ranked second. At now, its total inflows amount to $11.62 billion.
Bitcoin’s price has also been climbing. It now trades around $93,548, up 6% in the last 24 hours. At the same time, open interest in Bitcoin futures jumped 16%, now at $67.19 billion – the highest since January.
Rising price and open interest usually point to strong buying confidence. But not all signs are positive.
Bitcoin’s financing rate is currently negative, at -0.01%, despite the advances. This indicates that traders are paying to short the coin in the hopes that it will decline.
Also, the put-to-call ratio is leaning bearish. Many options traders are buying more puts than calls, showing low confidence in a continued rally.
With Bitcoin trading above $90,000 and big money returning, the next few days could decide if this is the start of a real run – or a trap.
