US-listed spot Bitcoin exchange-traded funds (ETFs) experienced a significant net inflow of $431.12 million, marking the largest single-day capital influx in two weeks. BlackRock’s iShares Bitcoin Trust (IBIT) led the surge with $337 million in new investments, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) which attracted $67 million.
Despite substantial institutional capital entering through ETFs, Bitcoin’s price showed remarkable stability, hovering near $109,601 with only a 0.11% increase over 24 hours. This price resilience occurred alongside the ETF demand, indicating balanced market absorption of the capital inflow.
Derivatives markets reflected cautious sentiment as Bitcoin futures open interest declined 1% to $75.33 billion, suggesting profit-taking activity. Simultaneously, the options market displayed increased bearish positioning through rising demand for put options, signaling institutional hedging against potential downside risks.
The divergence between strong ETF inflows and subdued derivatives activity highlights a nuanced market environment. While institutional investors demonstrate confidence in Bitcoin’s long-term prospects through ETF channels, derivatives traders maintain short-term caution amid current price levels.