Spot Bitcoin ETF attracts $450 million in a single day, signaling early institutional accumulation again

BTC4,5%

The US spot Bitcoin ETF capital inflows have shown a clear rebound. On Wednesday, the spot Bitcoin ETF recorded approximately $457 million in single-day net inflows, reaching the highest level in over a month, indicating that institutional funds are re-accelerating their entry.

Looking at specific products, Fidelity’s Wise Origin Bitcoin Fund (FBTC) performed the best, with about $391 million in daily inflows, accounting for most of the total inflows that day. BlackRock’s iShares Bitcoin Trust (IBIT) followed closely, with inflows of approximately $111 million. According to Farside Investors data, the cumulative net inflow of US spot Bitcoin ETFs has exceeded $57 billion, with total assets surpassing $112 billion, accounting for about 6.5% of Bitcoin’s total market capitalization.

Previously, the Bitcoin market experienced volatility in November and early December, with ETF funds showing alternating inflows and outflows. The last time daily inflows exceeded $450 million was on November 11, with about $524 million flowing in that day. This recent rebound in funds is seen by some institutions as a new phase signal.

Kronos Research Chief Investment Officer Vincent Liu stated that this round of ETF capital inflows is more like an “early macro layout” rather than an emotional chase at the end of a bull market. He pointed out that, against the backdrop of gradually softening interest rate expectations, Bitcoin has once again become a liquidity-rich, macro-sensitive trading asset. While political factors can influence sentiment, the real driver of capital flow remains the macro environment.

However, Liu also emphasized that subsequent capital movements may not be smooth. ETF funds will continue to revolve around liquidity and price volatility. As long as Bitcoin continues to be viewed as a macro hedge tool, ETFs will remain the preferred channel for institutional market entry.

On the macro level, US President Trump recently stated that he plans to appoint a new Federal Reserve Chair more inclined to cut interest rates. The market generally believes that a lower interest rate environment is usually favorable for risk assets, including Bitcoin, which also provides a supportive background for ETF capital inflows.

On the other hand, on-chain data shows that the market still faces pressure. Glassnode pointed out that currently about 6.7 million Bitcoins are in loss, reaching a new high in this cycle. Bitcoin has formed a dense accumulation zone between $93,000 and $120,000, with demand still appearing weak. The report suggests that until selling pressure above $95,000 is fully absorbed or new liquidity emerges, Bitcoin prices may continue to fluctuate within a structural support zone around $81,000.

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