Spot Bitcoin exchange-traded funds pulled in $450 million in net inflows on Friday, according to Reuters, as the cryptocurrency’s price moved above $108,000. The fresh demand points to continued institutional appetite after a stretch of volatile trading.

The inflows came as Bitcoin extended its rally, with buyers stepping in alongside the broader price advance. ETF flows are often watched as a gauge of how much traditional investors are adding exposure to the digital asset through regulated products.

The latest move adds to a market that has remained sensitive to shifts in risk sentiment, liquidity expectations and large-scale fund activity. Even so, the size of the inflows suggests the recent climb was supported by more than just short-term speculation.

Bitcoin’s rise above the $108,000 mark places the token near another major psychological threshold, while the ETF numbers underscore how much of the current momentum is being driven by institutional channels rather than retail trading alone.