Investor enthusiasm for U.S.-listed spot Bitcoin ETFs has reached a fresh high, with over $2.2 billion pouring in over the past 11 trading days.
The biggest single-day injection came Tuesday, marking the strongest inflow streak since last December.
BlackRock’s IBIT led the pack with more than $430 million on that day, followed by Fidelity’s offering with over $200 million. Smaller players like Bitwise and VanEck also saw inflows, while Grayscale’s GBTC continued its slide with another wave of redemptions.
Bitcoin’s price responded sharply to geopolitical developments. Following President Trump’s announcement of a ceasefire agreement between Israel and Iran, BTC jumped from below $98,000 to over $106,800. The truce brought temporary relief to jittery markets that had been weighed down by global tensions.
Institutional demand appears to be growing, despite macroeconomic uncertainty. Kronos Research’s Vincent Liu highlighted Bitcoin’s emerging role as a safe-haven asset, citing its scarcity-driven appeal during times of instability.
Still, not all market participants are convinced the rally has legs. Ray Youssef of NoOnes described the bounce as a “relief rally,” driven more by a pause in negative headlines than renewed conviction. With major economic updates—including Fed Chair Jerome Powell’s upcoming testimony and key inflation data—traders remain cautious. For now, Bitcoin is hovering around the $100,000–$106,000 range, with key resistance just above and potential downside if support cracks.
Despite Bitcoin soaring past $120,000 and testing new all-time highs, several high-frequency market indicators suggest that the current bull run may still be gathering momentum.
As Bitcoin smashes through all-time highs, crypto-related conversation is surging across social media.
In a striking contradiction to its long-held skepticism toward cryptocurrencies, Vanguard Group now owns more than 20 million shares of Strategy Inc.—the software company famously tied to Bitcoin through its massive holdings.
Bitcoin’s fall from its recent $123,000 all-time high to $117,000 sparked waves of speculation—but according to Deutsche Bank, this isn’t a typical cooldown.