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December 12, 2024

Bitcoin ETF Sees $223M Inflows Amid Rising Institutional Interest

Bitcoin (BTC) continues to demonstrate resilience, recently surpassing $100,000 thanks to institutional investments. On Wednesday, Bitcoin’s price rallied over 5 percent and rebounded from a critical support range between $94,300 and $96,600. As a result, BTC approached its previous all-time high range of $101,219 to $101,998 before experiencing a slight downturn. As of Thursday, it trades around $100,780 during the mid-London trading session. The surge in ETF inflows, totaling $223 million, indicates growing institutional confidence in Bitcoin as an investment. This trend confirms Bitcoin’s status as a leading digital asset on the market.

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