#squarecreator - Bitcoin ETFs reach inflows of $3 billion, surpassing their 5-month high.

Bitcoin exchange-traded funds (ETFs) in the United States attracted over $3 billion in weekly inflows, marking the largest increase in five months. This activity was primarily driven by contributions from major financial institutions such as BlackRock and Fidelity.

Institutional interest and market dynamism

The recent influx of capital into Bitcoin spot ETFs in the U.S., led by BlackRock and Fidelity, highlights the growing institutional interest. Both companies recorded significant net inflows into their respective funds, coinciding with an increase in the price of Bitcoin above $94,000.

Eric Balchunas, senior ETF analyst at Bloomberg, noted: "Bitcoin ETFs have shifted from first to fifth gear, and the trend change in inflows shows that the pent-up institutional demand is finally manifesting."

The inflows from BlackRock and Fidelity ETFs totaled over $300 million, with BlackRock leading the way. Other asset managers and hedge funds have increasingly participated, indicating a shift in institutional adoption and capital allocation.