Bitcoin ETFs Just Had Their Best Day in Months as Crypto Market Rebounds

Core Insights - Bitcoin ETFs in the U.S. experienced significant inflows, totaling $697.2 million, marking the best day since early October [1] - BlackRock's iShares Bitcoin Trust led the inflows with $372.5 million, contributing more than half of the total daily inflows [1] - Fidelity Wise Origin Bitcoin Fund followed with $191.2 million in shares created on the same day [2] Market Performance - Bitcoin's price retraced to $92,080, reflecting a 2.3% drop from the previous day but still 4.4% higher than the same time last week [2] - Bitcoin ETFs now hold $122.86 billion worth of BTC, indicating a strong market presence [4] Predictions and Future Outlook - Users on the Myriad prediction market estimate a 74% chance that Bitcoin will reach $100,000 before dropping back to $69,000, showing increased confidence compared to previous months [3] - Morgan Stanley has filed for the Morgan Stanley Bitcoin Trust and Morgan Stanley Solana Trust, indicating competition in the Bitcoin ETF space [4][5]