Bitcoin spot exchange-traded funds (ETFs) recorded net inflows totaling $386.27 million, coinciding with Bitcoin’s decisive break above the $105,000 resistance level. The cryptocurrency closed near $110,263, reflecting robust market momentum and renewed investor confidence.
Fidelity’s FBTC fund led the inflows, signaling heightened institutional optimism and suggesting a potential accumulation phase for Bitcoin. This substantial capital movement highlights growing market conviction following BTC’s price milestone.
Supporting the bullish sentiment, Bitcoin’s funding rate held positive at 0.0017% while demand for call options increased significantly in derivatives markets. The convergence of ETF inflows, positive funding rates, and heightened options activity indicates potential for a sustained Bitcoin rally.