Bitcoin advances to US$ 97,000 after largest ETF inflow in 3 months

Source: PortaldoBitcoin Original Title: Bitcoin advances to US$ 97,000 after largest ETF inflow in 3 months Original Link: A surge in Bitcoin’s price to US$ 97,000 triggered the strongest day of inflows for U.S. spot Bitcoin ETFs in three months, with these products adding US$ 753.7 million on Tuesday (13), according to data from SoSoValue.

This movement follows a notable rebound initiated at the beginning of the year, attributed to “institutional rebalancing after year-end tax loss harvesting, improved macroeconomic sentiment, and growing recognition that ETFs offer a structural and regulated demand,” said Marcin Kazmierczak, co-founder of RedStone, to Decrypt.

The rally, which pushed Bitcoin to its highest value in two months, appears to be fueling a new institutional demand. On Wednesday (14), Bitcoin is up 4.4% in the last 24 hours, trading at US$ 97,291, according to CoinGecko data.

“Price is guiding narratives and flows,” said Aurelie Barthere, chief research analyst at Nansen, to Decrypt. “Breaking above US$ 91,000 after weeks of consolidation has driven this recent movement.”

Fidelity’s FBTC led inflows, with a net balance of US$ 351.36 million. Bitwise’s BITB and an investment platform’s IBIT followed closely, with net flows of US$ 159.42 million and US$ 126.27 million, respectively.

Buying pressure has raised the total net assets of all U.S. spot Bitcoin ETFs to around US$ 123 billion, approximately 6.5% of Bitcoin’s market cap of US$ 1.89 trillion.

Can the momentum be sustained?

The sustainability of this momentum throughout the first quarter remains a significant question, with Kazmierczak highlighting that ETF flows have become volatile and that high interest rates keep the opportunity cost high for non-yielding assets like Bitcoin.

He suggested that institutional demand in this quarter is likely to be “more selective and cautious, rather than acting as a catalyst for sharp rises.”

The positive movement has spread across the broader cryptocurrency market, increasing its total capitalization by 3.3% to US$ 3.32 trillion.

Altcoins like XRP, Solana, and Dogecoin rose between 2% and 6%, partly driven by optimism around a new bill related to the crypto market structure, which could give them a clearer regulatory status.

Barthere noted that the bill’s progress in the Senate Banking Committee is bringing a “favorable narrative perspective” for the market.

Analysts see the proposal, which could classify certain altcoins as “non-custodial” assets, like Bitcoin, as a potential paradigm shift.

“If approved, the bill could attract institutional flows into altcoins, while other tokens may seek ETFs as a kind of ‘survival shortcut’,” said Ryan Yoon, senior analyst at Tiger Research.

Yoon considered this scenario while highlighting the political path ahead, noting that “this change shows that regulators care more about the ‘product wrapper’ than the technology itself, although the 2026 elections and jurisdiction disputes between the SEC and CFTC are the real obstacles to making this law.”

Despite short-term caution, a structurally optimistic outlook remains.

“Bitwise expects ETFs to buy more than all the new Bitcoin entering the market in 2026,” Kazmierczak stated — a dynamic that could create direct supply and demand support, as ETF assets tend to grow significantly by the end of the year.