Bitcoin ETF Inflows Surge Past $600 Million for First Time Since May
Bitcoin exchange-traded funds (ETFs) experienced $601.8 million in inflows on Thursday, marking the highest single-day performance in over a month. BlackRock’s IBIT and Fidelity’s FBTC led the inflows, contributing $224.5 million and $237.1 million, respectively. Ark Invest’s ARKB added $114.2 million, while Grayscale’s GBTC and Franklin Templeton’s EZBC reported no net flows. The influx of institutional money is attributed to expectations of looser financial conditions under expanded Trump administration policies. Bitcoin's price fluctuated around $109,000, briefly exceeding $110,000 after stronger-than-expected employment data was released. U.S. President Donald Trump is set to sign a significant tax-cutting bill, which may impact liquidity in crypto markets. ETF flow data typically lags by a day or two, suggesting the $600 million figure reflects activity prior to the tax bill's passage.
