Spot Bitcoin ETFs See $457M Inflows in Early Positioning Push
Spot Bitcoin ETFs recorded $457 million in net inflows on Wednesday, their strongest daily intake in over a month, indicating renewed institutional demand. Fidelity’s Bitcoin fund led with $391 million, while BlackRock’s ETF added $111 million. Cumulative net inflows for US spot Bitcoin ETFs now exceed $57 billion, with total net assets over $112 billion—about 6.5% of Bitcoin’s market cap. This surge followed a recent period of volatile flows and reflects early-stage macro positioning as interest rate expectations soften, making Bitcoin a favored liquidity trade. However, momentum may remain uneven and dependent on wider market liquidity and price moves. US President Donald Trump’s pledge to appoint a Federal Reserve chair supportive of interest rate cuts could further benefit risk assets like crypto. Despite recent gains, 6.7 million Bitcoin are being held at a loss, the cycle’s highest, as the price faces resistance and fragile demand in both spot and derivatives markets. Until either sellers above $95,000 are absorbed or new liquidity arrives, Bitcoin’s price is likely to remain rangebound.
