Spot Bitcoin exchange-traded funds brought in about $450 million in net inflows, marking their strongest single-day showing in roughly two weeks. The fresh demand came as bitcoin climbed above $110,000, extending a rally that has revived interest from large investors.

Analysts said the move reflects a renewed appetite for crypto exposure through regulated investment products. The inflows suggest that institutions are still allocating to bitcoin even after a volatile stretch, with market participants watching how momentum develops into the next halving cycle.

The rebound in ETF demand also underscores how closely fund flows and bitcoin’s price remain linked. When the cryptocurrency strengthens, it often attracts more money into spot funds, which can add support to the rally and keep sentiment elevated in the broader market.