Spot bitcoin exchange-traded funds recorded a record $1.2 billion in net inflows in a single day, according to Reuters, underscoring strong investor appetite for the largest cryptocurrency. The surge in demand helped push bitcoin closer to the $110,000 level as traders tracked momentum heading into the next phase of the halving cycle.

Analysts are now weighing whether institutional buying can keep supporting prices after the latest run-up. The inflow figure suggests that large investors continue to see bitcoin as a significant portfolio asset, even as the market remains sensitive to swings in risk sentiment, macroeconomic signals, and profit-taking.

Bitcoin’s climb has also reignited debate over how much of the recent strength is being driven by ETF demand versus broader speculation in digital assets. While the record inflows mark a milestone for the funds, market watchers say sustained price gains will likely depend on continued capital formation and stable trading conditions.