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Investors piled back into U.S.-listed spot Bitcoin exchange-traded funds (ETFs) on Tuesday, reversing weeks of outflows, although the fresh investments failed to give the premier crypto a price bump.
BTC ETFs Haul In $524 Million
Investors sank about $524 million into the spot Bitcoin funds, marking the largest single-day inflow since Oct. 7, according to U.K. asset manager Farside Investors. The $524 million inflows represent the highest cumulative inflows since the historic crypto market crash on Oct. 10, which dealt a huge blow to crypto investor appetite.
Bitcoin’s price recently stood at $101,821, down 1.3% over the past day, as per crypto markets data provider CoinGecko. BTC hit a new high of $126,080 in early October before tumbling as investors liquidated over $19 billion in crypto futures positions.
BlackRock’s iShares Bitcoin Trust (IBIT), currently the world’s largest Bitcoin fund, led the charge on Tuesday, pulling in $224.2 million worth of fresh money. Meanwhile, Fidelity’s FBTC attracted $165.9 million, while Ark Invest’s ARKB drew in $102.5 million. The inflows offer a brief reprieve after one of the worst redemption months since the launch of BTC ETFs in January 2024.
 
The renewed institutional appetite emerged after the U.S. Senate passed a funding package to end the longest-running U.S. government shutdown, now in its 43rd day.
The positive flows are a bullish signal for Bitcoin holders, as investments from ETFs and Michael Saylor’s Bitcoin giant, Strategy, were the two main catalysts driving BTC’s price this year, according to crypto analytics platform CryptoQuant.
The Bitcoin ETFs have pulled in total net inflows of $61 billion, with cumulative trading volume since debut now nearing the $1.5 trillion threshold.
Meanwhile, Strategy leads as the largest Bitcoin treasury holder with 641,692 BTC.