Bitcoin Could Extend Rally as ETF Inflows Hit $517M: Expert

Bitcoin ETFs saw a record $517.2 million in net inflows on Wednesday, marking the largest single-day investment since May 4 as the cryptocurrency surged alongside heightened interest in U.S. crypto regulation and market dynamics. Since Monday, the funds have attracted a total of $1 billion, positioning them for their strongest weekly net inflow since the week ending January 16, when they brought in approximately $1.42 billion, according to SoSoValue data.

Ethereum ETFs also experienced strong demand, with $189.2 million in net inflows on Wednesday, bringing their weekly inflows to around $291.5 million. Hyperliquid is seeking guidance from the U.S. Commodity Futures Trading Commission (CFTC) to enter the domestic perpetual futures market. The government's Defense Technology firm has seen a 92% increase as government revenue boosts its margins.

MEXC has confirmed that its August 2026 Proof of Reserves verifies user assets are fully backed, with reserve ratios above 100%. Social media platform X is exploring stablecoin payments, while Bitcoin has traded near $72,000, up 11% in the last 24 hours.