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 complete inflows. BlackRock’s iShares Bitcoin Belief (IBIT) dominated with $970.9 million in purchases, marking its second-largest every day influx since launching in January.
“Practically $1bil into iShares Bitcoin ETF as we speak… 2nd largest influx since Jan 2024 inception. I nonetheless bear in mind when there was ‘no demand,’” Nate Geraci, president of the ETF Retailer, famous on social media.
The robust inflows weren’t uniform throughout all funds, nevertheless. ARK 21Shares Bitcoin ETF (ARKB) noticed $226.3 million in outflows, whereas Constancy’s Bitcoin ETF skilled $86.9 million in redemptions throughout the identical interval.
IBIT has established itself because the clear market chief, now controlling the vast majority of complete US spot Bitcoin ETF property. The fund presently manages over $54 billion in property.
Bitcoin remained secure above $95,000 throughout Monday’s buying and selling, displaying resilience regardless of blended flows throughout totally different ETF suppliers. Bitcoin has gained vital momentum in latest weeks, supported by robust institutional demand by regulated funding autos.
Final week’s complete ETF inflows of over $3.3 billion marked the second-highest weekly complete since these merchandise launched in January, exceeded solely by their debut week.
The sustained institutional curiosity comes amid bettering macro situations and rising mainstream adoption of Bitcoin as an funding asset. Latest developments, together with indicators from President Trump relating to import tariffs and new SEC Chairman Paul Atkins’ pro-crypto stance, have helped keep constructive market sentiment.
