Bitcoin Tops $110K as Spot ETF Inflows Hit a New Daily Record

Spot Bitcoin exchange-traded funds listed in the United States recorded their largest single-day net inflow since launch, with BlackRock's IBIT and Fidelity's FBTC leading the charge.

Analysts point to pension fund allocation pilots and renewed macro hedging demand as drivers. On-chain data shows exchange reserves continuing to decline while long-term holder supply rises.

Traders are watching the $112K zone as the next psychological barrier. Options markets now price a 38% chance of BTC closing above $115K by month-end, up from 22% last week.

"Flows are telling the story," said one desk strategist. "Retail is participating through ETFs, but the size is unmistakably institutional."