Étienne Girard
U.S.-listed spot Bitcoin ETFs attracted an impressive $609 million in net inflows on Wednesday, marking their sixth consecutive day of positive momentum. This surge in demand came as Bitcoin shattered its previous record, climbing past the $108,000 mark and continuing upward to trade above $111,000.
According to real-time data from PRIME, Bitcoin rose 3.6% in the last 24 hours, reaching $111,435, setting a new milestone in the cryptocurrency’s history.
Among the ETF issuers, BlackRock’s IBIT fund dominated the day, posting $530.6 million in net inflows. Fidelity’s FBTC, Bitwise’s BITB, and Grayscale’s Mini BTC Trust also posted strong performances, each bringing in over $20 million, based on data from SoSoValue.
Other providers like VanEck, Ark & 21Shares, and Valkyrie similarly reported steady inflows, signaling broad-based institutional confidence in the digital asset space.
ETF trading activity also saw a sharp rise — the 12 spot Bitcoin ETFs recorded $7.64 billion in trading volume, the highest single-day total since February 25.
May Inflows Surpass $4 Billion as Total Climbs Above $43 Billion
So far in May alone, spot Bitcoin ETFs have added $4.24 billion in new capital, pushing total cumulative inflows across all issuers to an impressive $43.38 billion. This trend illustrates the growing role of regulated investment vehicles in providing exposure to Bitcoin.
Experts Say Regulatory Clarity and Market Infrastructure Are Key Drivers
According to Caroline Bowler, CEO of BTC Markets, the recent uptrend is a result of robust institutional infrastructure combined with enhanced regulatory transparency.
“Investor sentiment has turned sharply institutional,” Bowler noted. “We’re witnessing a shift toward portfolio-style allocations and long-term holding strategies.”
Analysts Warn of Volatility Amid Global Uncertainty
Despite the bullish momentum, some analysts are urging caution. Jupiter Zheng, Partner at HashKey Capital, described the market as entering “uncharted territory,” and said the current price action could be accompanied by heightened volatility.
“Investors are increasingly pricing in geopolitical instability and global macroeconomic uncertainty,” Zheng said. “Bitcoin’s value proposition as a decentralized asset is once again coming into focus.”
