Spot Bitcoin exchange-traded funds posted a major wave of demand on Thursday, pulling in about $1.2 billion in net inflows, according to market data cited by Reuters. The jump marked the strongest single-day haul for the products in more than three months.

The inflows went into funds offered by major asset managers including BlackRock and Fidelity, underscoring continued institutional interest in Bitcoin even after its rapid run-up this year. The cryptocurrency was trading above $110,000 at the time, a level that has helped keep attention on the asset among traders and large investors alike.

The latest data suggest that appetite for regulated Bitcoin exposure remains firm despite price volatility. For fund issuers, the surge is another sign that spot ETFs continue to serve as a preferred entry point for investors seeking access to the digital asset without directly holding it.

While one day of heavy inflows does not set a trend, the scale of the move highlights how quickly sentiment can shift in crypto markets. Traders will be watching whether the strong demand persists in the days ahead and whether Bitcoin can maintain its position above the $110,000 mark.