U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net inflows exceeding $1 billion over two consecutive trading days, reversing a brief outflow trend and signaling renewed institutional confidence in Bitcoin.
Fidelity’s FBTC led the inflows with $237.13 million, followed closely by BlackRock’s IBIT at $224.53 million. Significant contributions also came from ARK 21Shares’ ARKB and Bitwise’s BITB, underscoring broad-based institutional participation.
The influx coincided with reduced macroeconomic uncertainty following a new U.S.-Vietnam trade agreement. Simultaneously, political pressure for looser Federal Reserve monetary policy weakened the U.S. dollar, enhancing Bitcoin’s appeal as an inflation hedge.
Market analysts have revised Bitcoin price targets upward, projecting short-term gains between $117,000 and $135,000. Some forecasts suggest the cryptocurrency could reach $200,000 by year-end, reflecting heightened market optimism.