TL;DR
- After three consecutive days of capital outflows, Bitcoin ETFs registered net inflows of over $378 million, clearly reflecting a renewed surge in institutional investment interest.
- Ark Invest’s ARKB and Fidelity’s FBTC led the pack in these inflows, despite BTC’s price remaining in a sideways range.
- Meanwhile, open interest in BTC futures showed mixed signals, with CME continuing to dominate the global derivatives market.
Bitcoin exchange-traded funds (ETFs) began attracting capital once again after a brief bearish pause, posting net inflows of $378.04 million, according to updated data from Farside. This figure becomes particularly significant considering that BTC’s spot price has failed to show any notable bullish momentum, remaining range-bound over the past several days. Despite this, ETF movements appear to be heading in the opposite direction, indicating that large-scale investors are taking long-term strategic positions.
The ARKB fund, managed by Ark Invest in partnership with 21Shares, led the day’s inflows with $140 million. This ETF has now accumulated a total of $2.51 billion in historical net inflows. Coming in second was Fidelity’s FBTC fund, which brought in $137 million, raising its total since inception to $11.69 billion.
The total value of assets under management (AUM) by BTC ETFs currently stands at $128.13 billion. Even though the digital asset’s price is not showing a strong upward movement, this behavior suggests that investors are not making decisions based on short-term price fluctuations, but rather on a longer-term vision of Bitcoin’s role in the evolving global financial system and economy.
Derivatives Data Show Contrasting Views Between Traders and Funds
While ETFs indicate signs of accumulation, the futures market offers a more cautious reading. Global open interest in BTC futures stands at 674,950 BTC, equivalent to $71.28 billion. Although there was a slight 1.45% increase in the last 24 hours, the activity remains unevenly distributed among exchanges. CME leads with 151,370 BTC ($15.97 billion), followed by Binance and Bybit—with the latter showing the strongest daily growth at 4.06%.
On the other hand, the volume relative to open interest suggests that CME also maintains a high ratio of active positions, which could be interpreted as stronger confidence in institutional moves. In contrast, OKX was the only major exchange to report a decline in open interest, possibly tied to a temporary pullback of speculative capital.
Although volatility seems absent for now, the rising demand for call options suggests that some traders are positioning themselves for a potential bullish breakout.
