Bitcoin Nears $98K As Spot BTC ETF Sees Significant Inflows

On Saturday, crypto prices tried to recover a positive position, with Bitcoin (BTC) nearly touching 98K, surging 0.66%. Whereas, Ethereum (ETH) has struggled to maintain its footing, gaining 0.20% to $2,706.10, and other altcoins, XRP and Solana (SOL), are seeing mixed reactions. Major meme coins, including Dogecoin (DOGE) and Shib Inu (SHIB), gained a 4—to 2-percent price.

Furthermore, the global crypto market increased by 0.80% to 3.24 trillion, according to coinmarketcap. The global volume market is up 9.04% and reached $104.48 billion, indicating an increased investor interest and stability to be ready in the market. The Fear and Greed Index stood at 41, showing a natural sentiment.

Bitcoin price At $97,548.62 & Spot BTC ETF Sees Significant Net Inflow

The world’s first digital coin, BTC, traded at $97,582.93, marking a 0.50% surge over the past 24 hours. Its market cap stood at $1.93 trillion. Bitcoin market volume is in the red zone, reflecting low-interest investors. Its 24-hour low and high were 96.50K and 98K, respectively. Many experts and investors believe that BTC could surpass 150K at the end of 2025.

Farside investors data shows that the U.S Spot Bitcoin Exchange Traded Fund saw a $70.6 million inflow on Friday. Fidelity FBTC led this surge with $94 million an inflow. Whereas, Blackrock IBIT (ishares) largest ETF by net assets added a $22.3 million inflow. However, Grayscale GBTC and Ark ARKB also experienced an outflow of $47 and $13.2, respectively.

In other news, Mubadala Investment, an autonomous entity of Abu Dhabi’s wealth funds (SWFs), recently bought $436 million worth of BlackRock’s ETF, called iShares Bitcoin Trust (IBIT). Furtheremore, Abu Dhabi’s sovereign wealth fund Revealed that “they are buying hundreds of millions of dollars in bitcoin.”

Ethereum Price At $2,702.01 & Ether ETF Net Inflow

Ethereum, the second-largest crypto coin by market cap, is struggling to recover its price. At the time of writing, ETH was trading at $2,702.01, reflecting a 0.22% surge in the previous day. However, its market cap reached $326.07 billion. ETH market value is down 4.64%, showing volatility in the market. Its 24-hour low and high were $2680-$2783, respectively.

As per Sosovalue, the U.S. Spot Ethereum Exchange Traded Fund saw a $11.65 million inflow on Friday. Fidelity FETH was the only ETF to add inflow, with $11.65 million. The other eight ETFs had zero flow.

According to the coinglass data, Ethereum was $24.99 million worth liquidated over the past 24 hours.