Bitcoin trades above $83,000 as US spot ETFs pull in $550 million

Bitcoin climbed above $83,000 on Wednesday, gaining 2.5% over the previous 24 hours as inflows into US spot exchange-traded funds (ETFs) supported a renewed rally in the cryptocurrency market. Investor data from SoSoValue reported that US-listed Bitcoin spot ETFs drew substantial interest in the early days of the week. These products registered net inflows of $23.16 million on Tuesday, following a larger $526.60 million inflow on Monday. Total inflows reached $549.76 million in two days, sharply reversing last week’s outflow of $228.58 million. While Tuesday’s inflows were lower, two consecutive positive sessions suggest rising demand for ETF products tracking Bitcoin’s price. Although not all ETF buyers are institutional, the turnaround highlights returning interest from the broader market after a recent stretch of redemptions.

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