The price of Bitcoin is approaching $100,000, with ETF total inflows hitting a record high. Since its launch in January, the U.S. spot Bitcoin ETF has seen a cumulative net inflow of over $30 billion for the first time. As market sentiment surges, trading volume and net inflows for Bitcoin ETFs have significantly increased, particularly following former President Trump's reelection. According to SoSoValue, the total daily net inflow reported by 12 Bitcoin ETFs reached $1 billion, bringing the cumulative total inflow to $30.35 billion. BlackRock's IBIT and Fidelity's FBTC led the inflows. Bitcoin's price has reached an all-time high, with a target price of $100,000. Meanwhile, the U.S. spot Ethereum ETF saw a net outflow of $9.05 million on Thursday, continuing a six-day trend of negative flows.

US spot Bitcoin exchange-traded funds have surpassed $30 billion in cumulative total net inflows for the first time since their launch in January. US Spot Bitcoin ETFs Surpass $30 Billion in Total Inflows as BTC Approaches $100,000 Bitcoin ETFs have seen high trading volume and net inflows amid rising market sentiment following former President Donald Trump’s re-election. The funds saw their combined net asset value surpass the $100 billion mark on Wednesday. According to SoSoValue data, 12 bitcoin ETFs reported a total daily net inflow of $1 billion, bringing the cumulative total flow to $30.35 billion. BlackRock&#039;s IBIT led the inflows with $608.41 million, followed by Fidelity&#039;s FBTC with $300.95 million. Bitwise’s spot Bitcoin fund pulled in $68 million, while Ark and 21Shares’ ARKB each recorded $17 million. Grayscale’s Mini Bitcoin BTC Trust and Franklin Templeton’s Bitcoin ETFs also added net inflows. Grayscale’s GBTC was the only fund with negative flows yesterday, recording $7.8 million in net outflows. The other four funds saw zero flows for the day. A total of 12 ETFs saw $7.1 billion in trades yesterday. Bitcoin’s relentless rise has taken it to a new all-time high and it is now targeting the highly anticipated $100,000 price level. It has gained 2% in the last 24 hours and is trading at $99,420 at the time of writing. Meanwhile, spot Ethereum ETFs in the U.S. saw net outflows of $9.05 million on Thursday, extending a negative flow streak to six days. Nine Ethereum ETFs saw a total trading volume of $839.64 million yesterday. *This is not investment advice.

The price of Bitcoin is approaching 100 thousand dollars, with record inflows into ETFs.