Bitcoin spot ETFs saw strong momentum on Tuesday, marking the fifth straight day of net inflow. The total inflow was at $329 million, showing growing investor interest in Bitcoin-backed funds.
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack. It brought in $287 million in a single day, pushing its total net inflow to $46.15 billion. Fidelity’s FBTC followed, pulling in $23 million and boosting its historical inflows to $11.81 billion.
This steady streak signals rising confidence among institutional investors. Despite short-term market ups and downs, the long-term outlook for Bitcoin appears strong. Many are now seeing it as a solid asset worth holding.
In another update, Bitcoin’s price hit a record milestone. On Wednesday, it moved above $107,000, 2% higher over the last 24 hours. As of writing, BTC at $107,421—its highest since January.
The futures market is also heating up. Open interest in Bitcoin futures increased to $74.24 billion, up 4% from the previous trading day. This suggests that more capital is flowing into Bitcoin, verifying the prevailing bullish trend.
Options data also reflects this optimism. Traders are buying more call contracts, betting on further price increases. If this momentum holds, Bitcoin could be entering a new phase of accumulation.
All signs now point to growing market confidence. If current trends continue, a fresh all-time high could be just around the corner.
