The bitcoin price climbed above $97,000 to its highest level in more than two months as billions in inflows poured into U.S. spot Bitcoin ETFs. On Tuesday, the twelve U.S.-listed spot BTC funds posted roughly $760 million in net inflows, led by Fidelity’s Wise Origin Bitcoin Fund with about $351 million, while Bitwise’s BITB and BlackRock’s IBIT also reported gains. Momentum continued on Wednesday, with data from SoSoValue showing spot Bitcoin ETFs attracting another $843.6 million, extending the three-day inflow streak to around $1.71 billion. Eight of the twelve funds reported net inflows, with BlackRock’s IBIT drawing $648 million, underscoring its prominence among institutional allocators.
Bitcoin’s price action reflected renewed interest; after trading below $92,000 for much of November and December, BTC moved back into the $94,000–$97,000 range and toward $100,000. The rally was aided by roughly $700 million in short liquidations, amplifying volatility and accelerating the advance, according to Bitcoin Magazine Data. ETF flows have become a key barometer of institutional sentiment since spot products launched in early 2024. While cumulative inflows reached more than $56 billion by mid-January, flows turned negative in late December amid typical year-end caution. The week’s reversal suggests investors are again viewing Bitcoin as both a growth asset and a diversification tool.
As of now, Bitcoin trades around $97,046, up 2% on the day with roughly $67 billion in daily turnover. Its market capitalization stands near $1.94 trillion, also up about 2% on the day.
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