Bitcoin Reclaims Momentum
Bitcoin has roared back above the $114,000 mark, reclaiming levels not seen since late August and signaling renewed investor confidence. After dipping as low as $110,714 earlier this week, the world’s largest cryptocurrency rallied sharply on Thursday morning, fueled by strong institutional inflows into U.S. spot Bitcoin ETFs.
According to SoSoValue data, ETFs added $757.1 million worth of Bitcoin on Wednesday alone — the largest single-day inflow in eight weeks. For September as a whole, ETF purchases have now reached $1.39 billion, highlighting Bitcoin’s growing role as a hedge and an asset of institutional preference.
This surge comes at a pivotal moment in global markets, with investors increasingly betting on Federal Reserve rate cuts to counter slowing growth. The confluence of ETF demand, macroeconomic uncertainty, and capital rotation from Ethereum is setting the stage for Bitcoin to potentially test new highs before the end of 2025.
ETF Flows: A Key Driver of the Rally
Bitcoin ETFs are quickly becoming the backbone of institutional participation in crypto markets. Analysts point to ETF inflows as a barometer of confidence, particularly at times when retail traders remain cautious.