Spot Bitcoin exchange-traded funds pulled in $1.2 billion in net inflows in the latest trading session, according to Reuters, extending a strong run of demand for the products. The fresh buying lifted the largest funds to new highs in assets under management.

The surge in ETF flows came as Bitcoin's price approached the $112,000 level, a zone traders are watching as a key resistance point. Market participants often see rising fund inflows as a sign of institutional interest and sustained appetite for exposure to the cryptocurrency.

Reuters reported that the latest session added to momentum in the spot Bitcoin ETF market, which has become one of the main channels for investors seeking direct price exposure without holding the asset itself. The inflow figure underscores how quickly the market has expanded since the products launched.

Bitcoin's near-term direction will likely depend on whether buyers can keep pushing the price through resistance while ETF demand remains elevated. For now, the data points to continued strength in both the funds and the broader crypto market.