US Bitcoin ETFs Experience Record Inflows Amid Market Surge
US Bitcoin ETFs registered significant inflows as Bitcoin reached a new all-time high, marking notable investment interest from institutional investors.
US spot Bitcoin ETFs saw $1.18 billion in inflows on Monday, marking their most significant day since early November 2024, following the election of Donald Trump as President of the US.
The inflows for the 11 US-based spot Bitcoin ETFs on that day were the second-highest in their history, only surpassed by the $1.37 billion recorded on November 7, 2024, right after Trump’s election victory.
The substantial increase in ETF inflows coincided with Bitcoin achieving a new all-time high, exceeding $126,000, leading to an impressive total inflow of $3.47 billion in October during just four trading days, according to CoinGlass.
Moreover, Bitcoin ETFs have cumulatively attracted around $60 billion since their inception, as noted by Bloomberg’s ETF analyst, James Seyffart, on Monday via X.
This surge in demand for Bitcoin ETPs highlights the dominant role of institutional investors in the ongoing bull market, despite retail investors remaining relatively inactive.
BlackRock’s IBIT Takes the Lead
The BlackRock iShares Bitcoin Trust (IBIT) led the inflows significantly, with $967 million entering the fund on Monday alone. Since the start of October, IBIT has accumulated $2.6 billion.
Related: BlackRock Seeks Bitcoin Yield in Latest ETF as a ‘Sequel’ to IBIT
The Fidelity Wise Origin Bitcoin Fund (FBTC) experienced an inflow of $112 million, while the Bitwise Bitcoin ETF (BITB) recorded $60 million, and the Grayscale Bitcoin Mini Trust (BTC) saw $30 million. Minor inflows were noted for funds from Invesco, WisdomTree, and Franklin.
IBIT Approaching $100 Billion in AUM
The BlackRock Bitcoin ETF is on track to exceed $100 billion in assets under management, as remarked by Nate Geraci, President of Nova Dius, on Tuesday. According to the official site, IBIT boasts nearly $98.5 billion in Bitcoin and cash, holding 783,767 BTC.
Notably, the Vanguard S&P 500 ETF took over 2,000 days to reach that milestone, while IBIT is poised to do so in less than 450 days. Only 18 out of more than 4,500 trading ETFs have surpassed the $100 billion mark, as stated by Geraci.
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