Spot Bitcoin exchange-traded funds (ETFs) in the United States logged their second-largest single-day inflows ever on Monday, as Bitcoin surged to a new all-time high.
The 11 U.S.-listed spot Bitcoin ETFs collectively attracted $1.18 billion in inflows, according to data from CoinGlass — the biggest daily total since November 7, 2024, when inflows reached $1.37 billion following Donald Trump’s presidential election victory.
The milestone coincided with Bitcoin climbing past $126,000, setting a new record high. So far, the ETFs have drawn $3.47 billion in net inflows over just four trading days in October.
In total, U.S. Bitcoin ETFs have accumulated roughly $60 billion in inflows since their debut, Bloomberg ETF analyst James Seyffart noted on X. The surge highlights the dominant role of institutional investors in driving the current bull run, while retail participation remains limited.
BlackRock’s IBIT dominates inflows
The BlackRock iShares Bitcoin Trust (IBIT) led the pack with a massive $967 million in new money on Monday, bringing its October total to $2.6 billion.
Other notable contributors included the Fidelity Wise Origin Bitcoin Fund (FBTC) with $112 million, the Bitwise Bitcoin ETF (BITB) with $60 million, and the Grayscale Bitcoin Mini Trust (BTC) with $30 million, alongside smaller inflows to products from Invesco, WisdomTree, and Franklin Templeton.
IBIT nears $100B milestone
IBIT is now on the brink of surpassing $100 billion in assets under management (AUM), according to Nate Geraci, president of The ETF Store.
Data from BlackRock’s website shows the fund holding nearly $98.5 billion in Bitcoin and cash, representing 783,767 BTC.
For comparison, the world’s largest ETF — the Vanguard S&P 500 ETF — took more than 2,000 days to reach $100 billion in AUM. IBIT is poised to achieve that feat in under 450 days, Geraci noted, adding that only 18 out of over 4,500 ETFs worldwide have crossed the $100 billion threshold.
