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 each day influx since launching in January.
“Practically $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 Retailer, noted on social media.
The sturdy inflows weren’t uniform throughout all funds, nonetheless. 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 nearly all of whole US spot Bitcoin ETF belongings. The fund at the moment manages over $54 billion in belongings.
Bitcoin remained steady above $95,000 throughout Monday’s buying and selling, displaying resilience regardless of combined flows throughout totally different ETF suppliers. Bitcoin has gained vital momentum in current weeks, supported by sturdy institutional demand via regulated funding autos.
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 alerts from President Trump relating to import tariffs and new SEC Chairman Paul Atkins’ pro-crypto stance, have helped keep optimistic market sentiment.
