TLDR
- Bitcoin ETFs in the United States recorded $1.18 billion in inflows on Monday.
- This was the second-highest single-day inflow since Bitcoin ETFs launched.
- The inflows coincided with Bitcoin reaching a new all-time high of over $126,000.
- October has seen $3.47 billion in Bitcoin ETF inflows within just four trading days.
- BlackRock’s IBIT led with $967 million in inflows, bringing its October total to $2.6 billion.
Bitcoin ETFs in the United States recorded $1.18 billion in inflows on Monday. This marks the second-largest single-day inflow since their inception. The inflow spike came as Bitcoin crossed $126,000 to set a new record.
The inflows brought October’s total to $3.47 billion across just four trading sessions. According to CoinGlass, this reflects a surge in institutional interest. The only bigger day was November 7, 2024, with $1.37 billion in inflows.
These inflows bring the cumulative total for all spot Bitcoin ETFs to nearly $60 billion. Bloomberg ETF analyst James Seyffart confirmed this on X. The sharp rise in demand highlights the shift in market sentiment.
BlackRock’s IBIT Dominates Inflows with Nearly $1 Billion
BlackRock’s iShares Bitcoin Trust (IBIT) led Monday’s surge with $967 million in new investor money. That pushed its October inflows to $2.6 billion. The fund has now become the clear leader among Bitcoin ETFs.
IBIT’s assets under management (AUM) now total around $98.5 billion. It holds approximately 783,767 BTC as of the latest data. Nova Dius President Nate Geraci stated it is close to breaking the $100 billion AUM mark.
“Only 18 ETFs globally have ever crossed $100 billion,” Geraci noted. “IBIT is set to do it in under 450 days.” By comparison, Vanguard’s S&P 500 ETF took over 2,000 days to reach that level.
Other Bitcoin ETFs Record Moderate Inflows During Rally
Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $112 million in inflows. Meanwhile, Bitwise Bitcoin ETF (BITB) added $60 million. Grayscale’s Bitcoin Mini Trust (BTC) secured $30 million.
Invesco, Franklin, and WisdomTree ETFs also saw small gains. However, they trailed the larger players in total asset growth. These inflows still point to widespread confidence in Bitcoin ETFs.
