Spot bitcoin exchange-traded funds saw a sharp surge in demand on Monday, pulling in $1.2 billion in net inflows, according to Reuters. The jump marked one of the strongest single-day totals in weeks and came as bitcoin climbed above $110,000.

The inflows were spread across major products from firms including BlackRock and Fidelity, underscoring renewed appetite from investors using regulated funds to gain exposure to the cryptocurrency. The move adds to signs that institutional participation remains a key driver of bitcoin’s latest rally.

Bitcoin’s rise above the $110,000 level comes amid broader momentum in digital assets, though the market remains highly volatile. Traders and fund managers continue to watch whether the latest wave of ETF buying can sustain the price breakout or whether profit-taking will slow the advance.

Reuters reported the figures as one of the most notable fund-flow days in recent weeks, reflecting how closely bitcoin’s price action remains tied to ETF demand and investor sentiment.