Bitcoin (BTC) has risen above $100,000 — capital inflows into ETFs are increasing.

Spot Bitcoin ETFs attracted funds again on Thursday, coinciding with the rise in the coin’s price above $100,000 for the first time since February.

None of the major ETFs recorded outflows during yesterday’s session, confirming the renewed trust of institutional investors in the long-term prospects of the asset.

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Bitcoin ETF attracts funds again

Yesterday, Bitcoin ETF recorded a net inflow of $117.46 million, which is 17% less compared to the previous day, when it amounted to $142.31 million. Although the slight decline may indicate profit-taking after BTC surpassed $100,000, the continuing inflow of funds still reflects the growing trust of investors in the leading cryptocurrency.

On Thursday, the iShares Bitcoin Trust (IBIT) from BlackRock led the trend, recording the largest daily influx among all ETF issuers. The fund attracted $69 million in a day, increasing its total historical net influx to $44.35 billion. The Fidelity ETF — FBTC — took second place with a daily net influx of $35.34 million. Its total historical net influx now stands at $11.67 billion. None of the 12 ETFs recorded a net outflow yesterday.

BTC rally fuels excitement for futures

The open interest in the futures market at the time of writing is $67.45 billion, having increased by 5% over the last day. When the open interest of an asset rises along with its price, it indicates an influx of new money into the market, suggesting a strong bullish momentum.

Additionally, the BTC funding rate has reached its highest level since February 28, reflecting strong demand for long positions among traders. At the time of writing, it stands at 0.0109%. This means that traders with long positions are paying a premium to hold their trades, which may strengthen bullish sentiment in the BTC market in the short term.

However, despite the optimism of investors in ETF and futures traders, the options market is showing caution. Data shows a rising demand for downside protection, with increased activity around put options.

Mixed sentiments may affect short-term price fluctuations as markets assess the possibility of BTC rallying above $100,000 and decide whether it can continue.

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