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Bitcoin (BTC) remains in the spotlight with the crypto on the brink of claiming the $100,000. Currently, it is trading at $93,540, after it had surged to a record high of $99,655.50 a few days ago.
Everyone is now targeting $100,000 and this has been supported by institutional buying, corporate treasury buying and record-breaking Bitcoin ETFs inflows.
It has been this week for the Bitcoin ETFs picking up the pace. In the highlighted period from November 18 to 22, these funds attracted $3.12bn in net assets, 102% of the prior week’s total. This brings the year to date net inflows for digital asset investment products to $37 billion. Spot Bitcoin ETFs have been very active in the United States particularly enticing retail and institutional investors.
Currently, the biggest ETF is the BlackRock’s iShares Bitcoin Trust with net assets of $48.95 billion, with an overall net inflow of $31.33 billion. Compared to it, Grayscale Bitcoin Trust finances $21.61 billion of assets, but it has had more than $20 billion outflows since its creation.
However, the interest in Bitcoin ETFs is not equally spread around the world. The three regions covering Germany, Sweden, and Switzerland had outflows of $ 141 million In contrast, the Australia, Canada, and Hong Kong regions had inflows of $70 million. Although it is short-Bitcoin products as well which received $10 million, investors have taken what may have feared volatility.
At the same time, there is a positive outlook in the overall picture. There is $138 billion invested in Bitcoin in digital investment products for the first time in history.
MicroStrategy continues to lead the charge among corporate Bitcoin adopters. The business intelligence firm recently acquired 55,500 BTC for $5.4 billion, raising its total holdings to 386,700 BTC, valued at $37 billion. These purchases were funded through a mix of debt offerings and equity sales, underscoring the company’s confidence in Bitcoin as a long-term asset.
MicroStrategy’s average acquisition cost of $56,761 per Bitcoin positions it favorably for substantial returns as the cryptocurrency approaches $100,000. The firm also introduced a proprietary metric, “Bitcoin Yield,” to measure growth in its Bitcoin holdings relative to share dilution. As of November 24, its year-to-date Bitcoin Yield stood at an impressive 59.3%.
Other companies are following suit. Semler Scientific acquired 297 BTC for $29.1 million, raising its total Bitcoin reserves to 1,570 BTC. Meanwhile, alternative video platform Rumble announced plans to allocate up to $20 million of its cash reserves to Bitcoin, signaling growing corporate confidence in cryptocurrency.
The Sui blockchain, often dubbed a “Solana killer,” is set to introduce liquid Bitcoin staking through a collaboration between Babylon Labs and Lombard Protocol. This initiative will enable Bitcoin holders to stake their assets and mint LBTC, enhancing liquidity for decentralized finance (DeFi) activities like lending and trading.
With the total value locked (TVL) in Bitcoin liquid staking tokens reaching $4.5 billion, the Sui ecosystem’s new offering could further drive institutional and retail adoption of Bitcoin-based DeFi solutions.
Despite recent outflows of $438 million from the U.S.-based spot Bitcoin ETFs on November 25, optimism remains high. The outflows reflect short-term profit-taking following Bitcoin’s near-record high.
From a technical perspective, Bitcoin has retraced to the $93K level, a key support zone. Analysts suggest that this level could serve as a base support level for the next leg of the rally, potentially pushing the price above $100K. The sustained inflows into ETFs, coupled with corporate and institutional interest, provide strong bullish signals.
Bitcoin’s remarkable rally is being fueled by a combination of institutional investment, corporate adoption, and innovation in the DeFi space. As ETFs continue to attract record inflows and companies like MicroStrategy double down on Bitcoin as a strategic asset, the cryptocurrency’s path to $100,000 seems increasingly plausible.
While short-term volatility is expected, the broader trend highlights growing confidence in Bitcoin as both a store of value and a financial instrument for institutional and retail investors. Whether it’s the next ETF inflow record or another corporate acquisition, Bitcoin’s journey to $100K promises to be an exciting ride.
