Investor exercise in US-listed spot Bitcoin exchange-traded funds (ETFs) surged sharply on Oct. 6, mirroring BTC’s continued value beneficial properties and rising institutional curiosity.
In line with knowledge from SoSoValue, the twelve authorized funds collectively absorbed about $1.2 billion in inflows. That is their second-largest single-day haul since launching in 2024 and the strongest efficiency this yr.
A lot of that demand concentrated round BlackRock’s iShares Bitcoin Belief (IBIT), which pulled in almost $967 million in recent capital and almost $5 billion in buying and selling quantity.
IBIT is now on the verge of crossing the $100 billion assets-under-management threshold, an unprecedented milestone for a digital-asset product.
Bloomberg analyst Eric Balchunas famous that IBIT has already produced an estimated $244 million in annual income for BlackRock, surpassing the earnings of the agency’s different long-established funds.
That profitability displays how deeply institutional cash has begun to combine Bitcoin into mainstream portfolio methods.
In the meantime, the most recent wave of inflows extends a broader sample of energy that the monetary funding autos have registered not too long ago.
Final week alone, Bitcoin ETFs attracted round $3.2 billion in internet new capital, marking the second-highest influx on report.