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Bitcoin ETFs recorded $601.8 million in inflows on Thursday, the highest single-day total in over a month, driven by BlackRock’s IBIT and Fidelity’s FBTC. The surge comes as investors position for Trump’s upcoming fiscal policies, despite warnings of short-term liquidity risks.
- BlackRock’s IBIT and Fidelity’s FBTC dominated inflows, contributing $224.5M and $237.1M respectively.
- Bitcoin briefly hit $110,000 but retreated to ~$108,900 amid mixed employment data.
- Analysts warn Trump’s tax bill could trigger temporary liquidity drains as Treasury refills its reserves.
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