Spot Bitcoin exchange-traded funds drew a record $1.2 billion in net inflows this week, according to Reuters, underscoring strong investor demand as the cryptocurrency held above $108,000.

The latest wave of buying comes as traders watch the market for a test of the $110,000 level, a threshold that could shape near-term sentiment. The inflows suggest institutional appetite for Bitcoin remains firm even after its sharp run-up.

Market participants are also looking ahead to the next halving cycle, a scheduled event that historically has drawn fresh attention to Bitcoin’s supply dynamics. While past halvings have not guaranteed future gains, they remain a key focus for investors and analysts tracking the asset’s long-term outlook.

Bitcoin’s move has kept the broader crypto market in view, with exchange-traded products continuing to serve as a major gateway for traditional investors. Whether the rally extends will likely depend on price momentum, macroeconomic conditions, and whether buyers can push decisively through resistance near $110,000.