The Bitcoin ETF reported net inflows of $21.4 million on Wednesday.
The cryptocurrency market surged Thursday morning following the filing of asset management firm VanEck's Spot Solana ETF.
Bitcoin was trading at $61,600, Ethereum surged 3%, Solana rose 8% and Polkadot increased 7%.
Akash Network (AKT) and MakerDAO (MKR) were the biggest gainers today among the top 100 digital assets by market cap, rising 13% and 10%, respectively.
Bitcoin ETF inflows
Meanwhile, a U.S. bitcoin spot exchange-traded fund (ETF) reported net inflows of $21.4 million on Wednesday.
According to ETF tracker Farside, Fidelity's FBTC led the way with inflows of $18.6 million, Grayscale's GBTC recorded net inflows of $4.3 million, and VanEck's HODL reported inflows of $3.4 million.
Since its debut in January, the Spot Bitcoin ETF has attracted cumulative net inflows of $14 billion.
According to data from CoinGlass, 34,818 traders were liquidated in the past 24 hours, with the total liquidation amounting to $87 million. The largest Bitcoin liquidation order occurred on OKX, with a value of $9.17 million.
Michael van de Poppe, CEO of MN Trading, shared his outlook for Bitcoin's near-term performance: “Hopefully, we will see a breakout above the $60,000 region, where a bullish divergence begins. With the Ethereum ETF listing looming next week, a reversal is likely to come,” he said.
U.S. stock markets remained flat, with the S&P 500 and Nasdaq flat and the Dow Jones Industrial Average up 0.2%.
