The post Coin Soars Above $110,000 Amid ETF Inflows appeared on BitcoinEthereumNews.com.

Bitcoin spot exchange-traded funds (ETFs) saw growth on Wednesday as these products recorded another day of significant inflows, exceeding $600 million.  Yesterday’s figure represented the sixth consecutive day of net inflows into BTC spot ETFs, a signal of climbing investor confidence in the leading digital asset. Bitcoin ETF Inflows Climb 85% Amid Bullish Run Above $110,000 BTC’s break above the $110,000 psychological price mark yesterday triggered notable inflows into spot ETFs. According to SosoValue, investors poured $608.99 million in new capital into these funds, pushing the total net asset value of all BTC spot ETFs to $129.02 billion. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue Wednesday’s inflows were 85% higher than the $329 million recorded on Tuesday. This was also the sixth consecutive day of net inflows into BTC spot exchange-traded funds, a sign of growing investor optimism in the coin.  BlackRock’s ETF IBIT recorded the largest daily net inflow, totaling $530.63 million, bringing its total cumulative net inflows to $46.68 billion. Fidelity’s ETF FBTC recorded the second-highest net inflow of the day, recording $ 23.53 million. The ETF’s total historical net inflows now stand at $11.83 billion. Bitcoin Rallies to Fresh Record; Options Traders Show Cautious Optimism During Thursday’s early Asian session, BTC rallied to a new all-time high of $111,880. Although it has since witnessed a minor pullback to exchange hands at $111,618 at press time, technical readings point to lingering bullish pressure in the markets.  The uptick in price is mirrored in the derivatives market, where demand for long positions has surged. According to Coinglass, BTC’s funding rate currently stands at 0.018%, its single-day highest value since February 22.  BTC Funding Rate. Source: Coinglass The funding rate is a recurring fee paid between traders in perpetual futures markets to keep contract prices aligned with the asset’s…

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Filed under: News - @ May 22, 2025 6:25 am