Spot Bitcoin exchange-traded funds posted a record $1.2 billion in net inflows on Friday, according to Reuters, marking the strongest single-day demand since the products launched. The surge came as Bitcoin climbed above $110,000 for the first time since the April halving.

The rally underscores renewed investor appetite for the largest cryptocurrency after weeks of stronger institutional buying. ETF inflows are closely watched because they offer a direct measure of demand from traditional market participants who prefer regulated investment vehicles over holding tokens directly.

Friday’s trading added momentum to a broader rebound in Bitcoin, which has benefited from tighter post-halving supply dynamics and continued interest from asset managers and retail traders alike. The move also highlights how ETF demand can quickly amplify price swings in the crypto market.

While the latest inflow figure sets a new benchmark, analysts will now watch whether the pace of buying continues or fades as Bitcoin trades at elevated levels. For now, the record ETF demand has reinforced the view that institutional access remains a major driver of the current rally.