Bitcoin Surges Past $100K as ETF Inflows Hit Record $2.1B in Single Week
Bitcoin crossed the $100,000 milestone for the second time this year as institutional ETF demand reaches unprecedented levels, signaling growing mainstream adoption.
Bitcoin has surged past the $100,000 mark for the second time this year, driven by a record $2.1 billion in ETF inflows during a single trading week. The milestone comes as institutional investors accelerate their adoption of Bitcoin as a treasury asset.
ETF Demand Breaks Records
BlackRock's IBIT, Fidelity's FBTC, and ARK's ARKB collectively attracted $2.1 billion in net new investments, the highest single-week figure since Bitcoin ETFs launched in January 2024. Analysts attribute the surge to growing corporate treasury adoption following MicroStrategy's continued accumulation strategy.
Market Impact
The $100K crossing triggered a cascade of liquidations in short positions, with over $400 million in crypto shorts wiped out within 24 hours. On-chain data shows long-term holders moving Bitcoin off exchanges, a traditionally bullish signal.
