Spot bitcoin exchange-traded funds drew a record $1.2 billion in net inflows on Friday, according to Reuters, as investors increased exposure to the cryptocurrency through regulated products. The surge marked one of the strongest single-day demand signals yet for the sector.

The inflows came as market attention remained focused on the 2024 bitcoin halving cycle, a scheduled supply event that has historically shaped price expectations and trading behavior. Analysts have said the latest move reflects growing institutional participation rather than only retail speculation.

Bitcoin ETFs have become a major gateway for large investors seeking price exposure without directly holding the asset. Their rapid asset growth has also reinforced the role of traditional finance firms in the crypto market, even as volatility and regulatory uncertainty remain key risks.

Friday’s record intake adds to a broader trend of renewed appetite for bitcoin-related products. Whether that momentum continues will likely depend on market conditions, policy developments, and investor confidence in the months ahead.