Bitcoin broke through $95,000 on Thursday, reaching its highest level since December 2025, as spot Bitcoin ETFs recorded an unprecedented $1.2 billion in net inflows in a single trading day.
Inflow breakdown: - BlackRock's IBIT: $520M - Fidelity's FBTC: $340M - ARK/21Shares ARKB: $180M - Others: $160M combined
Why now? The rally coincides with the Fed's dovish signal and growing expectations that the Bitcoin halving cycle (April 2024) is entering its historically bullish 12-18 month window.
Our take: The ETF inflow numbers suggest this isn't retail FOMO — it's institutional allocation. When BlackRock clients put $520M into IBIT in one day, that's pension funds and endowments rebalancing, not day traders. The $100K test is coming sooner than most expect.
