Bitcoin Climbs Above $105,000 on Institutional ETF Inflows
Spot Bitcoin ETFs recorded a combined $2.8B in net inflows over the past week, pushing the asset past $105K and lifting the broader crypto market.
Bitcoin surpassed $105,000 for the first time in several months, driven by a sustained wave of institutional buying through spot ETF products. The week's combined net inflows of $2.8 billion across all US-listed Bitcoin ETFs represent one of the strongest five-day periods since the products launched.
The rally extended across the broader crypto market, with Ethereum gaining 8% and total crypto market capitalisation rising above $3.8 trillion. Analysts point to a combination of factors: the post-halving supply reduction taking effect, growing corporate treasury adoption, and improving macro sentiment following the Fed's dovish tilt.
What is driving the inflows
- —Post-halving supply reduction reducing daily new supply by 50%
- —Corporate treasury adoption growing — over 60 public companies now hold BTC
- —Pension funds and endowments beginning allocation in the 1–3% range
- —Regulatory clarity improving in the US and EU
- —Macro tailwinds from expected Fed rate cuts
We are in a structurally different market than 2021. The buyer base has changed fundamentally — these are longer-duration holders who are not selling at the first volatility spike.