- BlackRock’s iShares Bitcoin Trust (IBIT) led the latest inflows, securing $327.3 million.
- Now, 87.3% of Bitcoin’s circulating supply is in profit, up from 82.7% in March.
- On-chain data indicates growing accumulation amid rising retail FOMO signals.
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted net inflows of $442 million on Thursday, marking the fifth consecutive day of positive net flows.
Although this daily total was lower than earlier in the week, the sustained pace of inflows underscores strengthening institutional confidence in Bitcoin amid volatile global economic conditions.
With Bitcoin holding near $94,000, investor optimism remains elevated as market participants increasingly eye the psychologically significant $100,000 level.
At the same time, on-chain metrics reveal a notable uptick in profitability across the supply, suggesting renewed accumulation by market participants.
BlackRock’s IBIT leads Bitcoin ETFs with $327 million
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the latest wave of inflows, capturing $327.3 million, according to data from SoSoValue.
Ark Invest’s ARKB 21Shares followed with $97 million, while Bitwise’s BITB and Invesco’s BTCO recorded smaller inflows of $10.2 million and $7.5 million, respectively.
Although Thursday’s inflows were lower than the $916.9 million and $936.4 million seen earlier in the week, the persistence of demand points to growing institutional interest in Bitcoin exposure.
Total trading volume across the 12 U.S.-listed Bitcoin ETFs fell to $2 billion on Thursday, down from $4 billion the previous day.
Still, the broader trend shows rising interest in crypto investment vehicles, particularly as macroeconomic tensions remain elevated.
Thursday’s ETF performance coincided with a strong session in U.S. equities.
The Nasdaq rose 2.7%, the S&P 500 gained 2%, and the Dow climbed 1.2%, supported by signs of easing trade tensions between the U.S. and China.
Bitcoin continued to demonstrate resilience alongside these broader moves and, according to CoinMarketCap, traded around $94,552 at the time of writing.
Ether also posted modest gains, rising 0.43% to $1,778.
Bitcoin accumulation rises as supply profitability increases
Glassnode data shows that 87.3% of Bitcoin’s circulating supply is now in profit, up from 82.7% during the last period when BTC approached $94,000 in March.
This rise reflects renewed buying activity during recent price dips, indicating investors used pullbacks to strengthen positions.
Historical patterns suggest that when more than 90% of Bitcoin’s supply is in profit, market dynamics can enter a euphoric phase that may trigger sharp price advances.
This behavior aligns with past cycles where profit-driven sentiment contributed to large local tops.
Meanwhile, spot Ether ETFs also showed signs of recovery, recording a net inflow of $63.5 million on Thursday after a $23.9 million outflow the previous day.
That increase mirrors broader optimism across the crypto sector, supported by market structure and macroeconomic catalysts.
Retail FOMO raises short-term volatility risks
Analyst firm Santiment observed a notable rise in fear of missing out (FOMO) among smaller Bitcoin holders as prices neared $94,000.
Historically, elevated retail FOMO frequently coincides with local market peaks, adding a layer of caution to near-term outlooks.
Despite this risk, the longer-term outlook remains supported by fundamentals.
Santiment noted that while Bitcoin could reach $100,000 in the near term, major milestones often follow cooling-off periods rather than impulsive spikes driven by hype.
Supporting this view, Prince Philip Karađorđević of Serbia recently expressed a bullish stance in an interview, suggesting an “omega candle” breakout could push Bitcoin substantially above $100,000.
He argued that while current market forces might temporarily restrain upward movement, a decisive breakout appears likely over time.