Spot bitcoin exchange-traded funds recorded their biggest daily inflow on Friday, attracting more than $1.2 billion as the cryptocurrency climbed above $109,000 for the first time since March. The surge underscored renewed investor demand for bitcoin-backed funds and added momentum to the latest rally.

The inflows came as bitcoin approached the $110,000 level, a threshold that has drawn close attention from traders and market watchers. The move reflects stronger institutional interest in the asset, with ETFs continuing to serve as a major gateway for mainstream exposure to bitcoin.

Friday’s figures marked a new record for the category and highlighted how quickly capital can move into crypto products during periods of rising prices. While the rally has improved market sentiment, bitcoin remains highly volatile and sensitive to shifts in risk appetite, regulation, and macroeconomic conditions.

Analysts will be watching whether the latest inflows can sustain the price advance or whether profit-taking cools the market in the days ahead.