The U.S. spot Bitcoin ETFs have amassed over $1 billion in net inflow in the past 4 days as BTC has started gaining momentum once again and eyes to break $100K ahead of the weekend.
These increasing capital inflows in Bitcoin from traditional market players suggest that its demand is increasing and investors are seeing potential in near-future gains.
As per Sosovalue data, Bitcoin ETFs added a net inflow of $422.45 million on May 1, with this week’s total net inflow reaching $1.13 billion so far. Should Friday demonstrate a positive outcome, we could conclude this week with a total inflow of approximately $1.2 billion.
Although this week’s total inflow was not as high as the previous week’s, which reached $3.06 billion, the highest since November 2024, it still represents a significant improvement. This renewed interest in Bitcoin ETFs in the past two weeks indicates that institutions are seeing a short-term meteoric surge in BTC.
As per CoinMarketCap data, Bitcoin broke above $97K on May 1 for the first time since February 24. With market analysts now expecting it to break above $100K, the move could mark a pivotal run and potentially push BTC to a new all-time high in the coming weeks.
Also read: Michael Saylor’s Strategy Plans $84 Billion Bitcoin Investment
