U.S. spot bitcoin ETFs posted their largest one-day inflows since November 11 on Wednesday, as bitcoin (BTC) swung between nearly $90,000 and below $86,000 in volatile trading.
Total net inflows reached $457.3 million, with $391.5 million flowing into the Fidelity Wise Origin Bitcoin Fund (FBTC), marking one of its top five inflow days, according to Farside data. BlackRock’s iShares Bitcoin Trust (IBIT) also saw strong demand, adding $111.2 million in inflows.
Bitcoin dominance — the cryptocurrency’s share of the total market — climbed to 60%, its highest level since November 14, when BTC traded near $100,000. Bitcoin is currently around $87,000.
Market volatility may rise further as key macroeconomic events unfold. The Volmex Bitcoin Implied Volatility Index (BVIV) shows implied volatility just below 50, historically low despite recent swings.
Investors are eyeing the Bank of England, expected to cut rates by 25 basis points to 3.75%, and the European Central Bank, likely to hold rates steady at 2.15%. Later, inflation data from the U.S. and Japan could further influence global markets, including cryptocurrencies.
