Bitcoin exchange-traded funds (ETFs) recorded inflows of $601.8 million in a single day, marking the highest level since early June, with BlackRock’s IBIT and Fidelity’s FBTC leading the surge. This influx of capital reflects market responses to anticipated looser financial conditions under new U.S. policies, including President Trump’s tax and spending package. Bitcoin briefly surpassed $110,000 but settled around $108,900 as investors reacted to robust employment data that indicated a strong job market. Analysts predict that the passage of the tax bill could lead to short-term liquidity impacts, yet they acknowledge that interest in Bitcoin and ETFs remains strong, with Bitcoin ETFs standing out as a preferred investment vehicle. The significant inflow is seen as a manifestation of confidence among institutional investors amid changing market dynamics, aiming for exposure in a favorable economic climate.

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