Institutions make a big move, Bitcoin ETF attracts $1.7 billion in three days, setting a new record

Bitcoin ETFs Experience Strong Inflows. According to the latest news, the US spot Bitcoin ETF has recorded net inflows for the third consecutive trading day, with a total net inflow of $1.71 billion over the past three trading days. Among them, the single-day net inflow on Wednesday was approximately $844 million, reaching the highest level since early October 2025. What signals are reflected behind this data? Why are institutional funds choosing to increase their positions again at this time?

Capital Flows Show Dispersed Allocation Characteristics

Looking at specific products, 8 out of 12 spot Bitcoin ETFs achieved net inflows on Wednesday, indicating that buying interest is not concentrated in a single fund. According to data, the daily net inflow of major products is as follows:

This dispersed allocation characteristic indicates that institutional investors are not blindly following the trend but are selecting suitable products based on their needs. Although IBIT attracted the most funds, other products also received steady support, demonstrating that market demand for Bitcoin exposure is comprehensive and multi-layered.

Clear Signal of Institutional Demand Recovery

According to market analysts, this round of ETF fund reflows signifies a recovery in institutional demand. Nick Rick, Research Director at LVRG Research, stated that after experiencing risk contraction and a wait-and-see phase at the end of last year, some funds are beginning to re-enter the digital asset market, using ETFs as an important tool to gain Bitcoin exposure.

Several key points support this judgment:

• Continuous three-day net inflows indicate that the capital inflow is not impulsive but a sustained allocation demand
• 8 out of 12 ETFs have inflows, showing that demand is widespread rather than isolated
• BlackRock IBIT attracted $648 million in a single day, demonstrating that the world’s largest asset management company is continuously increasing its holdings

According to relevant information, by early 2026, the management scale of spot Bitcoin ETFs has exceeded $118 billion, with BlackRock IBIT holding over $62 billion. This increase in concentration reflects the growing importance of Bitcoin allocation among institutional investors.

Market Structure Is Undergoing Profound Changes

Behind this round of capital inflows is a fundamental transformation in the structure of the cryptocurrency market. Richard Teng, CEO of Binance, recently pointed out that cryptocurrencies have surpassed the retail trading stage, and the broad acceptance by institutional investors has significantly increased over the past 24 months.

This shift has several important implications:

• Market liquidity is shifting from retail-driven to institutional-driven
• Price volatility is expected to gradually decrease, making the market more stable
• Regulated products (such as ETFs) are becoming the main channels for institutional participation
• The market is moving toward greater financialization and institutionalization

Data shows that the cumulative net inflow of Bitcoin spot ETFs has reached $58.117 billion, and the scale and stability of this capital are sufficient to provide medium- and long-term structural support for the market.

Multi-Asset Simultaneous Inflows Indicate Improved Risk Appetite

It is worth noting that the capital inflow into Bitcoin ETFs is not an isolated phenomenon. According to the latest news, other mainstream crypto asset ETFs are also attracting attention:

• Spot Ethereum ETFs had a net inflow of about $175 million on Wednesday, continuing three days of positive inflows
• Spot Solana ETFs attracted approximately $23.5 million in new funds on Wednesday
• XRP ETFs saw inflows of about $10.6 million on Wednesday

This synchronized inflow across multiple assets indicates that market risk appetite is improving across the board. Institutional investors are not only increasing Bitcoin allocations but are also re-evaluating the value of other mainstream crypto assets. This often signals a comprehensive shift in market sentiment.

Price Performance and Inflows Create Positive Feedback

From a price perspective, capital inflows and price performance form a positive feedback loop. According to data, Bitcoin’s current price is $96,509.25, up 1.96% in the past 24 hours and 7.06% over the past 7 days. This steady upward trend reinforces the ongoing inflow of ETF funds.

Vincent Liu, Chief Investment Officer of Kronos Research, pointed out that sustained ETF net inflows provide medium- to long-term structural support for the crypto market. As the regulatory environment gradually clarifies, institutional investors are more willing to participate through compliant products, which helps improve overall liquidity and price stability.

Future Outlook

Based on current capital inflow trends and market structural changes, several directions are worth noting:

• If ETF inflow trends continue, Bitcoin’s medium-term price trajectory still has room for imagination. The entry of institutional funds generally implies a longer-term holding logic rather than short-term speculation, which will help stabilize prices at higher levels.
• The market is shifting from retail-driven to institutional-driven, which may gradually reduce extreme volatility. While this could lower short-term rapid gains, it will also enhance market sustainability and stability.
• The advantages of compliant products are increasingly evident. With regulatory frameworks gradually improving, participating in crypto asset allocation via ETFs and other compliant channels is becoming the mainstream choice. This will further promote the institutionalization of the market.

Summary

The three-day inflow of $1.71 billion into Bitcoin ETFs is not just simple capital flow data but a reflection of profound changes in market structure. The return of institutional investors indicates that, after last year’s adjustment, the market is undergoing a “healthy reset.”

The core points are: institutional demand is recovering, the market is entering an institutional-led era, multi-asset simultaneous inflows indicate improved risk appetite, and a medium- to long-term structural support has been formed. Whether for long-term allocators or short-term traders, these are important signals worth paying attention to.