Spot Bitcoin ETFs saw huge inflows as Bitcoin reached $126,000, led by BlackRock's iShares Bitcoin Trust.
US spot Bitcoin ETFs recorded $1.18 billion in inflows on Monday, their biggest day since early November 2024, when Donald Trump was elected President of the US.Spot Bitcoin exchange-traded funds in the United States clocked their second-biggest day of inflows in history as Bitcoin notched a new record high on Monday.
The 11 US-based spot Bitcoin ETFs saw a cumulative $1.18 billion in inflows on the day, second only to Nov. 7, 2024, when the ETFs raked in $1.37 billion after Donald Trump won the election to become the next President of the United States.The massive demand for Bitcoin ETPs underscores the significant influence of institutional investors in this bull market, with retail investors reportedly still on the sidelines.The BlackRock iShares Bitcoin Trust saw the lion’s share of the inflows with a whopping $967 million entering the product on Monday. The ETF has brought in $2.6 billion in inflows since the beginning of October.The Fidelity Wise Origin Bitcoin Fund recorded an inflow of $112 million, the Bitwise Bitcoin ETF had $60 million, and the Grayscale Bitcoin Mini Trust recorded $30 million. There were minor inflows for Invesco, WisdomTree, and Franklin’s funds.The world’s largest ETF, the Vanguard S&P 500 ETF, took more than 2,000 days to hit that mark, and IBIT is about to do it in under 450 days, said Geraci. Only 18 of over 4,500 trading ETFs have over $100 billion in AUM, he added.3 Bitcoin charts bulls are watching after BTC’s weekly all-time high close
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