Spot Bitcoin exchange traded funds (ETFs), which are based in the United States, have seen their second biggest day ever of inflows as Bitcoin hit a new high record on Monday.
On that day, the 11 US-based Bitcoin ETFs received a total of $1.18 Billion in Inflows. This was second only to the $1.37 Billion earned by the ETFs in 2024 after Donald Trump became the new President of the United States.
Bitcoin coincided with the ETFs having a bumper day. new all-time high Over $126,000 brings the total October inflows to $3.47 Billion across only four trading days. according CoinGlass
James Seyffart, Bloomberg ETF analyst, says that Bitcoin ETFs are worth around $60 billion. said This Monday at X.
According to reports, retail investors have remained on the fence despite the huge demand for Bitcoin ETPs.
BlackRock IBIT, the leading IBIT in the market
BlackRock iShares Bitcoin Trusts (IBIT) received the lion’s share with a massive $967 million inflows on Monday. Since the start of October, $2.6 billion has been invested in this ETF.
Related: BlackRock chases Bitcoin yield in latest ETF as a ‘sequel’ to IBIT
Grayscale Bitcoin Mini Trust BTC (BTC), Bitwise Bitcoin ETF BTC (BITB) and Fidelity’s Wise origin Bitcoin fund (FBTC) all recorded inflows of $30 million. Invesco’s, WisdomTree’s, and Franklin Funds all saw minor inflows.
The fastest way to reach $100B AUM is IBIT
BlackRock Bitcoin ETF is about to launch surpassing $100 billion Assets under Management observed Nate Geraci is the President of Nova Dius.
Officials claim websiteIBIT is a Bitcoin-based company with an AUM in Bitcoins of nearly $98.5 billion. holds 783,767 BTC.
The world’s largest ETF, the Vanguard S&P 500 ETF, took more than two thousand days to hit that mark, and IBIT is about to do it in under 450 days, said Geraci. He added that only 18 out of 4,500 ETFs with trading have AUM above $100 billion.
Magazine: Bitcoin may move ‘very quick’ to $150K, altseason doubts: Hodler’s Digest
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Source: cointelegraph.com
