Bitcoin (CRYPTO: BTC) price staged a strong comeback after spending the past few months inside a narrow range. It jumped to $79,500, its highest level since May 15 this year. This rebound coincided with the crypto market comeback and as ETFs hitting a crucial milestone.
Bitcoin Price Jumps as ETF Inflows Surge
BTC price soared as investors embraced a risk-on sentiment, with the Crypto Fear and Greed Index jumping to 76, its highest level since December 2024. It has emerged from the extreme fear zone of 14 a few months ago.
Bitcoin’s rally has also coincided with strong Bitcoin ETF inflows. These funds, led by BlackRock’s IBIT, added over $307 million on Friday alone, bringing the week’s total inflows to $1.92 billion, the best week this year. As a result, the funds have added over $2.3 billion so far this month, bringing the cumulative inflows to $53.7 billion.
Most Bitcoin ETFs recorded substantial inflows on Friday. IBIT added $293 million, while Fidelity’s FBTC added $30.19 million. Other top ETFs in terms of inflows were from companies like Grayscale, Bitwise, Morgan Stanley, and VanEck.
