Bitcoin Spot ETFs See $386 Million Inflows After Price Surge
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Bitcoin exchange-traded funds (ETFs) saw strong demand yesterday, with total net inflows exceeding $350 million. This followed BTC’s breakout past the $105,000 resistance level to close above the $110,000 price. With strengthening bullish pressure, the leading coin is poised to continue its rally, further fueling the demand for ETF products. BTC ETFs See $386 Million Inflows as Investor Confidence Returns On Monday, BTC spot ETFs recorded net inflows of $386.27 million. This capital inflow marked a significant shift in market sentiment following last week’s decline. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue These inflows reversed the previous week’s trend of net outflows, as BTC’s lackluster performance and waning investor confidence had dragged down demand. The surge followed BTC’s breakout above the $105,000 resistance level, with the asset closing at $110,263 during yesterday’s trading session. As a result, renewed optimism spread across the market, driving heightened activity in ETF trading as well. On Monday, Fidelity’s CBOE-listed FBTC fund led the charge, posting the largest single-day net inflow among all US BTC ETF issuers. BTC Futures and Options Flash Bullish as Price Holds Above $109,000 BTC trades at $110,227 at press time, up 4% over the past day. The coin’s funding rate has flipped back into positive territory on the derivatives front, signaling a shift toward bullish market positioning. It currently stands at 0.0017%. BTC Funding Rate. Source: Coinglass The funding rate is a periodic payment exchanged between traders in perpetual futures contracts to keep prices aligned with the spot market. When its value is positive, it indicates bullish sentiment and a higher demand for longs. It means that traders holding long BTC positions pay those holding short positions, a trend that could drive the coin’s value upward in the near term. Furthermore, traders are buying BTC call options today, signaling…
Filed under: News - @ June 10, 2025 7:28 am