Spot Bitcoin ETFs record $450M inflows in ‘early positioning’ push

Spot Bitcoin exchange-traded funds (ETFs) recorded $457 million in net inflows on Wednesday, their strongest single-day intake in over a month, indicating a re-acceleration of institutional demand. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with approximately $391 million in inflows, followed by BlackRock’s iShares Bitcoin Trust (IBIT) with about $111 million. This brought the cumulative net inflows for US spot Bitcoin ETFs to over $57 billion. Analysts suggest this renewed interest reflects early macro positioning as interest rate expectations soften, making Bitcoin an attractive liquidity trade. However, momentum is expected to be uneven. Separately, the article notes that around 6.7 million BTC are currently held at a loss, the highest level this cycle, as Bitcoin struggles to break past resistance levels near $95,000.

(Source：Cointelegraph)