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Bitcoin exchange-traded funds (ETFs) experienced inflows of $601 million on Thursday, marking the highest single-day performance in over a month. This surge in investment reflects a renewed optimism among investors for crypto products, particularly as risk-taking assets gain traction. The previous record for inflows was $588.6 million on June 24.

According to data from Farside Investors, the majority of Thursday’s inflows were fueled by Fidelity’s FBTC and BlackRock’s IBIT, which attracted $224.5 million and $237.1 million, respectively. Additionally, Ark Invest’s ARKB added $114.2 million, while Grayscale’s GBTC and Franklin Templeton’s EZBC reported no net flows.

As investors anticipate potentially more lenient financial conditions under expanded policies from the Trump administration, institutional money is increasingly flowing into the crypto market. Exchange-traded funds (ETFs) remain the primary way for gaining extensive exposure to Bitcoin, providing regulated access without the complexities of direct ownership.

Meanwhile, U.S. President Donald Trump is set to sign his “Big Beautiful Bill” into law following its approval by both chambers of Congress. However, crypto markets are experiencing tension regarding the tax-cutting, debt-ceiling bill, which could lead to a short-term liquidity drain as the Treasury replenishes its General Account, according to entrepreneur Arthur Hayes.