Bitcoin Above USD 111,000 as ETF Inflows and Regulatory Clarity Boost Sentiment
Bitcoin paused its recent advance on Wednesday, consolidating above the USD 111,000 level after a rebound. Market liquidations over the past 24 hours remained broadly balanced, suggesting calmer positioning compared with earlier in the week.
Support came from US spot ETFs, which attracted USD 332.7 million in net inflows on Tuesday, the strongest daily tally in more than two weeks. The rebound from earlier outflows points to firmer institutional participation and renewed conviction in the asset.
Corporate adoption also added momentum. CIMG Inc. raised USD 55 million through a share sale to purchase 500 BTC for its treasury, extending a trend of corporates deploying balance sheet capital into crypto reserves. This comes after a large acquisition by Strategy this week, supporting the market.
On the regulatory front, a joint statement released by the SEC and the CFTC has clarified that registered US exchanges are allowed to facilitate the trading of specific crypto assets. The announcement forms part of the agency’s broader “Crypto Sprint” initiative, with the potential to expand access and facilitate adoption.
Looking forward, all eyes are on this week’s labour data, mainly Friday’s U.S. nonfarm payrolls, which could prove decisive for the Federal Reserve’s policy path. A softer labour print would reinforce expectations for a rate cut later this year. Stronger employment figures, however, could temper easing bets and pressure risk assets.
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