Bitcoin’s current Exchange-Traded Fund (ETF) driven bull run has led to a return of substantial transactions surpassing $100,000.

On October 24, daily BTC transactions exceeding $100,000 peaked at approximately 23,400, driven by increasing institutional interest in the pioneering cryptocurrency. According to data from IntoTheBlock, this surge in transactions coincides with the asset’s recent rally above $34,000.

Institutional Interest Boosts BTC Transactions

These substantial transactions, indicative of institutional participation, were last observed in June when BlackRock filed its ETF application.

Of particular note, the potential introduction of a spot Bitcoin ETF could further entice institutional investors into the Bitcoin market. A spot Bitcoin ETF offers investors exposure to the largest cryptocurrency without the need to directly own it.

However, it’s worth mentioning that the current number of large Bitcoin transactions, while a yearly high, remains significantly below the all-time high (ATH).

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