Spot bitcoin exchange-traded funds took in $1.21 billion on Friday, the strongest one-day inflow since April, according to Reuters. The surge in demand came as bitcoin pushed above the $110,000 level, a price zone many traders had been watching closely.

The latest inflow figure suggests institutional interest remains a major force behind the rally. ETF buying has become a key channel for large investors seeking exposure to bitcoin without holding the asset directly, and Friday’s data showed that appetite is still rising.

Bitcoin’s move above $110,000 adds to a sharp recovery in the market and may reinforce expectations that inflows can continue to support prices in the near term. Still, crypto markets remain highly volatile, and large price swings can cut both ways.

The rally underscores how closely bitcoin’s price is now tied to ETF demand and broader institutional sentiment. For investors, the new high in daily inflows is another signal that regulated crypto products continue to shape the market’s direction.