Bitcoin ETFs Flooded with $517M as BTC Price Soars Above $69K

Bitcoin exchange-traded funds (ETFs) saw their largest daily inflow since May on Wednesday, pulling in $517 million as Bitcoin's price surged above $69,000. US spot Bitcoin ETFs recorded a net inflow of $517.19 million, with eight out of the 12 available funds showing positive flows.

BlackRock's IBIT led the session with $284.7 million in net inflows, followed by Ark Invest and 21Shares' ARKB with $77.7 million and Fidelity's FBTC with $62.4 million. This marks the largest daily inflow since May 4 and extends their positive flow streak to three consecutive trading days.

The surge in institutional demand coincided with a sharp cryptocurrency market rally, with Bitcoin climbing above $69,000 for the first time in around two months. Ethereum also moved back above $2,000, and crypto-related equities rallied as investor appetite for risk assets improved.