[Analysis] Bitcoin Surpasses $100,000 Again…"Institutional Investors Continue ETF Buying"

Bitcoin (BTC) has surpassed $100,000 again, with analysis indicating that institutional funds continue to flow in through major U.S. Bitcoin Exchange-Traded Funds (ETFs).

According to the cryptocurrency media outlet Cointelegraph on the 8th (local time), Alex Obchakevich, head of Obchakevich Research, stated, "The net inflow through spot ETFs reached $142.3 million in just one day on the 7th," adding, "This shows that institutional investors such as hedge funds and asset management companies are steadily accumulating Bitcoin through regulated products."

As of that day, BlackRock's IBIT recorded a net inflow of $69 million, ranking first in daily net inflow, while Fidelity's FBTC recorded $35 million, and ARK 21Shares' ARKB recorded $13 million.

Obchakevich analyzed, "Bitcoin currently has a correlation coefficient of 0.75 with Nasdaq, closely linked to investment sentiment in tech stocks," adding, "The Nasdaq's strength on the 8th and 9th seems to have driven Bitcoin's rise." He also predicted, "If there are no geopolitical or macroeconomic shocks, this buying trend is likely to continue for some time."

Meanwhile, Grayscale's GBTC continues to see outflows, unlike other major ETFs. Obchakevich explained, "Investors are moving to cheaper products due to GBTC's high fees of about 1.5%, and complex factors such as tariff policies, political instability, and the Pakistan-India conflict are affecting the outflow trend."