US spot Bitcoin ETFs attracted $591.3 million in web 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 as we speak… 2nd largest influx since Jan 2024 inception. I nonetheless keep in mind when there was ‘no demand,’” Nate Geraci, president of the ETF Retailer, noted 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 whole US spot Bitcoin ETF belongings. The fund presently manages over $54 billion in belongings.
Bitcoin remained secure above $95,000 throughout Monday’s buying and selling, exhibiting resilience regardless of combined flows throughout totally different ETF suppliers. Bitcoin has gained important momentum in latest weeks, supported by robust institutional demand by way of 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 situations and rising mainstream adoption of Bitcoin as an funding asset. Current developments, together with alerts from President Trump concerning import tariffs and new SEC Chairman Paul Atkins’ pro-crypto stance, have helped keep constructive market sentiment.