TLDR
- Wednesday saw US spot Bitcoin ETFs attract $462 million, marking the third consecutive day of capital inflows
- BlackRock’s IBIT dominated with $307 million entering the fund in 24 hours
- BTC reached $73,243, its highest level in 30 days, before retreating to approximately $72,200
- President Trump urged swift passage of crypto regulation legislation, improving market sentiment
- The Crypto Fear & Greed Index climbed 12 points yet stays at 20, categorized as “extreme fear”
Bitcoin (BTC) experienced significant buying momentum on Wednesday, pushing past the $73,000 threshold for the first time in 30 days before consolidating around $72,200.
This price action coincided with impressive performance from US spot Bitcoin ETFs, which accumulated $462 million in net capital inflows. The streak of positive flows reached three consecutive trading sessions, pushing the week’s aggregate total to $1.1 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the daily rankings with $307 million in new capital. Fidelity’s FBTC contributed an additional $48 million while the Grayscale Bitcoin Mini Trust secured $32 million in fresh investment.
CoinShares BRRR fund stood alone with flat inflows for the session. All remaining US spot Bitcoin ETFs posted positive gains.
The year-to-date tally for ETF flows has climbed to approximately $700 million. This represents a significant turnaround following a five-week period of outflows that drained $3.8 billion from the products.
Ether ETFs similarly attracted fresh capital, recording $169 million in inflows on Wednesday following minor outflows during the previous session.
Trump Comments Lift Crypto Mood
President Donald Trump issued public statements calling for rapid advancement of stalled crypto market structure legislation. His remarks also included criticism directed at major US banking institutions for their opposition to stablecoin yield payments.
Crypto markets responded favorably to these statements, with sentiment improving around prospects for regulatory clarity in the United States.
The legislation Trump referenced, commonly called the CLARITY Act, seeks to establish a comprehensive market structure framework for the digital asset industry. Congressional action on the bill remains pending.
Iran has reportedly contacted the CIA via secret channels to signal it's open to peace talks — Dow $DJI, S&P 500 $SPX, and Nasdaq $QQQ futures all turned higher 📰https://t.co/Io3HC8bjEs
— CoinCentral (@realcoincentral) March 4, 2026
Wall Street posted gains during Wednesday’s trading session, contributing to increased risk appetite that supported Bitcoin’s upward movement. Media reports indicating Iran’s interest in diplomatic dialogue with Washington further enhanced market optimism.
Iran Tension Weighs on Thursday
Bitcoin surrendered a portion of Wednesday’s gains during Thursday morning trading after Iran refuted reports of seeking negotiations and conducted missile strikes targeting Israel.
US equity futures reversed direction on the geopolitical news, while crude oil prices jumped sharply, raising fresh inflation concerns.
BTC traded at $72,366 during early Thursday hours, representing a gain exceeding 5% for the day while showing an 8% decline over the trailing 30-day period.
Bitcoin has climbed approximately 20% from its February floor of $60,000.
The Crypto Fear & Greed Index advanced 12 points during the 24-hour measurement window while remaining at a score of 20, designated as “extreme fear.”
Bloomberg ETF analyst Eric Balchunas observed that nearly all Bitcoin ETF products had transitioned to positive year-to-date flow territory as of Tuesday’s close, with only three funds maintaining negative balances.
