#Surge in Bitcoin ETF Fund Inflows#

Recent surges in Bitcoin ETF inflows reflect strong bullish sentiment in the cryptocurrency market. Data shows that the CME Bitcoin options market is exhibiting the strongest bullish sentiment since the US presidential election, with a 30-day top skew of 4.4%, indicating strong bullish sentiment. Meanwhile, US-listed Bitcoin ETFs saw a net inflow of $802 million on a single day, with BlackRock's IBIT contributing $662 million. Analysts believe that continued institutional inflows and reduced selling from long-term holders will provide new upside potential for Bitcoin prices. Currently, the net asset value of spot Bitcoin ETFs is $123.59 billion, accounting for 5.88% of the total market capitalization of Bitcoin, with a cumulative net inflow of $38.98 billion to date. Bitcoin ETFs have accumulated over 1.1 million BTC in the year since their launch, representing approximately 5.7% of the current supply, demonstrating growing interest in the cryptocurrency market from institutional investors.