Bitcoin ETFs See $257 Million Inflows—Is the Road to $100,000 Opening?

▲ Gold, Bitcoin (BTC), ETF/ChatGPT-generated image

Bitcoin has successfully reclaimed the psychological resistance level of $65,000 as large-scale capital inflows began pouring into spot Bitcoin ETFs. According to a February 24 report by Cointelegraph, spot Bitcoin ETFs listed on U.S. stock exchanges recorded a total net inflow of $257 million in a single day, demonstrating strong buying momentum. These capital inflows have offset recent downward pressure on the market and helped restore investor sentiment.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows, attracting $252 million in just one day. BlackRock’s iShares Bitcoin Trust (IBIT) and the Bitwise Bitcoin ETF (BITB) also posted positive inflows, reinforcing an optimistic outlook among institutional investors. Notably, Bitwise’s spot ETF saw approximately $32 million in new funds, helping ignite the market rebound.

In contrast, the Grayscale Bitcoin Trust (GBTC) experienced outflows of around $46 million. However, inflows into other spot Bitcoin ETFs significantly outweighed these losses, pushing total net inflows across the market above $250 million. Market experts analyze that as Bitcoin recovered key support levels, sidelined capital waiting for buying opportunities has begun supplying liquidity in earnest.

Recent analysis suggests that selling pressure in the crypto market has begun to subside, while institutions are actively pursuing buy-the-dip strategies. The shift to net inflows in spot Bitcoin ETFs serves as a key driver in restoring market confidence and supporting long-term value appreciation. If Bitcoin stabilizes above $65,000, further capital inflows are likely to accelerate.

Since their launch, spot Bitcoin ETFs have strengthened the market’s fundamentals by serving as a stable liquidity channel for the cryptocurrency sector. Continued inflows of institutional capital demonstrate that Bitcoin has moved beyond being merely a speculative asset and is establishing itself as a core asset within the mainstream financial system. Investors should closely monitor fund flow trends in spot Bitcoin ETFs to assess the market’s potential for further gains.

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