Blog

Bitcoin ETFs see $ 1.18B flows while BTC recording high

0 0 2 minutes read

Spot Bitcoin exchange-traded funds in the United States clocked their second largest day of history as Bitcoin noticed a new record high on Monday.

The 11 US-based Bitcoin ETF areas found a aggregate $ 1.18 billion in the sun, second only to November 7, 2024, when ETFs reached $ 1.37 billion after Donald Trump won the election to become the next president of the United States.

The bumper day for the ETFs, which at the same time Bitcoin’s New all-time high of more than $ 126,000, brings total October to $ 3.47 billion in just four days of trade, According to In coinglass.

Meanwhile, Bitcoin ETFs have been combined with around $ 60 billion since their launch, Bloomberg’s ETF analyst James Seyffart Says On Monday at X.

The massive demand for Bitcoin ETPS emphasizes the significant influence of institutional investors in this bull market, along with retail investors reportedly on the sides.

Blackrock’s Ibit is leading the pack

The Blackrock Ishares Bitcoin Trust (IBIT) saw the lion’s portion of the flows of $ 967 million entering the product on Monday. The ETF has brought $ 2.6 billion to the flows since the beginning of October.

The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded a flow of $ 112 million, the Bitwise Bitcoin ETF (BITB) had $ 60 million, and the Grayscale Bitcoin Mini Trust (BTC) recorded $ 30 million. There are minor flows for Invesco, WisDometree, and Franklin funds.

The fastest ibit to $ 100 billion aum

Blackrock Bitcoin ETF is on the edge of exceeds $ 100 billion to assets under management, noticed Nova Gods President Nate Gerici on Tisday.

According to the official WebsiteIbit has an AUM of about $ 98.5 billion in bitcoin and cash, and it Holding 783,767 BTC.

The world’s largest ETF, the Vanguard S&P 500 ETF, lasted more than 2,000 days to hit that mark, and Ibit was about to do so under 450 days, Geraci said. Only 18 out of more than 4,500 trading ETFs have over $ 100 billion in Aum, he added.