Bitcoin Surges Past $111K as Institutions Accumulate: Digital Gold Narrative Strengthens

[Dhray]

Bitcoin has reached a new all-time high, trading above $111,000 before settling around $108K. The rally is largely fueled by substantial institutional inflows, reinforcing Bitcoin’s growing reputation as “digital gold.” BlackRock’s iShares Bitcoin Trust (IBIT) reported $106M in net inflows last week alone, increasing its total holdings to over 601,000 BTC. Meanwhile, Fidelity’s FBTC saw $282M in outflows, reflecting portfolio rebalancing rather than waning interest. Total assets under management across spot BTC ETFs have surged past $114 billion, with over $40B in cumulative inflows, underscoring rising institutional confidence. On-chain metrics echo this sentiment, with over 27,000 BTC withdrawn from exchanges in a single day, indicating strong holding behavior. Major firms like Tudor Investment and Abu Dhabi’s Mubadala Investment Co. have significantly increased their BTC exposure. Globally, the narrative is expanding, Japan’s pension fund and the Czech National Bank are exploring Bitcoin as a reserve asset. As inflation hedging becomes critical and fiat risks mount, Bitcoin continues to establish itself not just as a speculative tool, but as a serious long-term store of value alongside gold.