Spot bitcoin exchange-traded funds drew a record $1.2 billion in net inflows in a single day, according to Reuters, marking the biggest one-day haul since the products launched. The surge reflected heavy buying across major offerings from BlackRock, Fidelity and Grayscale.

The wave of demand helped push bitcoin above $112,000 as investors continued to add exposure through regulated investment products rather than direct crypto purchases. Analysts said the inflows underscored persistent appetite from institutions even after months of sharp price swings in digital assets.

BlackRock’s iShares Bitcoin Trust remained among the most closely watched funds, while competing products also saw significant activity. The record-setting flow came amid broader optimism in the crypto market, where bitcoin has benefited from expectations of sustained institutional participation.

While the numbers point to strong confidence in bitcoin as an asset, the pace of inflows also highlights how quickly sentiment can shift in a market still prone to volatility. Investors remain focused on whether the current buying trend can hold if prices retreat from recent highs.