US spot Bitcoin ETFs pulled in $422 million in net inflows on Wednesday—the highest single-day total since July—pushing BTC to $61,320, up 4.1%.
BlackRock’s IBIT accounted for $287 million; Fidelity’s FBTC added $92 million. Analysts link the move to institutional rebalancing ahead of Q4 and broader use of crypto in corporate treasury strategies.
Derivatives trading volume rose 22% year-on-year across major venues. Stablecoin supply climbed 0.8%, signaling rising on-chain liquidity.