US spot Bitcoin ETFs attracted $591.3 million in internet inflows on Monday, extending final week’s momentum that noticed over $3.3 billion in whole inflows. BlackRock’s iShares Bitcoin Belief (IBIT) dominated with $970.9 million in purchases, marking its second-largest day by day influx since launching in January.
“Almost $1bil into iShares Bitcoin ETF right now… 2nd largest influx since Jan 2024 inception. I nonetheless bear in mind when there was ‘no demand,’” Nate Geraci, president of the ETF Store, noted on social media.
The strong inflows were not uniform across all funds, however. ARK 21Shares Bitcoin ETF (ARKB) saw $226.3 million in outflows, while Fidelity’s Bitcoin ETF skilled $86.9 million in redemptions throughout the identical interval.
IBIT has established itself because the clear market chief, now controlling nearly all of whole US spot Bitcoin ETF property. The fund at present manages over $54 billion in property.
Bitcoin remained secure above $95,000 throughout Monday’s buying and selling, displaying resilience regardless of combined flows throughout completely different ETF suppliers. Bitcoin has gained vital momentum in current weeks, supported by robust institutional demand by way of regulated funding automobiles.
Final week’s whole ETF inflows of over $3.3 billion marked the second-highest weekly whole since these merchandise launched in January, exceeded solely by their debut week.
The sustained institutional curiosity comes amid enhancing macro circumstances and rising mainstream adoption of Bitcoin as an funding asset. Current developments, together with indicators from President Trump relating to import tariffs and new SEC Chairman Paul Atkins’ pro-crypto stance, have helped preserve optimistic market sentiment.
