Bitcoin ETFs Fuel Institutional Demand: $608 Million Inflows Spark Hope for Price Surge

Institutional investors are showing strong confidence in Bitcoin by driving up ETF inflows. Recent data reveals a substantial influx of over $608 million into Bitcoin-related exchange-traded funds (ETFs) during the week, signaling a major shift in sentiment. This comes amid weeks of sideways price action, raising questions about future direction. Despite this, the sustained demand from institutions has helped keep Bitcoin above the crucial $100,000 mark and mitigate profit-taking by smaller investors.