Bitcoin pushed above $108,000 on Sunday, extending a rally fueled by heavy demand from institutional investors. The move came alongside a surge in spot Bitcoin exchange-traded fund inflows, which reached a record $1.2 billion in a single day.

The influx marks the strongest daily demand since U.S. spot Bitcoin ETFs began trading in early 2024. Analysts have viewed the products as a key bridge for traditional investors seeking direct exposure to the asset without holding it themselves.

The latest price gains add to a broader run that has kept Bitcoin near record territory as large funds continue to allocate capital to the market. While inflows can support short-term momentum, the asset remains highly volatile and sensitive to shifts in macroeconomic conditions and investor sentiment.

Bitcoin’s rise underscores how quickly institutional participation has reshaped crypto trading. For now, the combination of record ETF demand and renewed price strength is reinforcing optimism across the digital-asset market.