Bitcoin ETF Inflows Surge Past $600 Million for First Time Since May

Key Points

1. Bitcoin exchange-traded funds (ETFs) recorded $601.8 million in inflows, the highest single-day performance in over a month.

2. BlackRock’s IBIT and Fidelity’s FBTC led the inflows, contributing $224.5 million and $237.1 million, respectively.

3. Bitcoin's price wavered around $109,000, briefly topping $110,000 following a stronger-than-expected jobs report showing 147,000 new jobs.

4. Investors expect looser financial conditions under potential policy changes, driving ETF flows as an easy way to access Bitcoin exposure.

5. ETF flow data typically lags by a day or two, with the $600 million figure likely reflecting activity before the tax bill passage.