With $1.19 billion in inflows, US spot Bitcoin ETFs had their second-best day ever on Monday. This follows on from a new all-time high for BTC.
Bitcoin ETFs have their second-best day ever
On Monday, we took a detailed look at last week’s particularly interesting figures for US spot Bitcoin ETFs. With a total of $3.24 billion in inflows, these funds had their second-best week ever.
Yesterday, these same ETFs had another remarkable day, with $1.19 billion in inflows, making it the second-best session for these investment vehicles since their launch. For reference, the record is still held by November 7, 2024, when market enthusiasm following Donald Trump’s victory led to more than $1.37 billion in inflows.
This seems to confirm, at least for the moment, the new upward trend that has led BTC to reach new all-time highs (ATH) over the past 48 hours. At the time of writing, the price of a bitcoin is now $123,700, relatively stable over the last 24 hours, while the ATH is set at just over $126,000:
As a result, this strong performance by BTC, driven by institutional investors, has brought the capitalization of these ETFs to a new record high of nearly $168 billion.
At the same time, Eric Balchunas, ETF analyst for Bloomberg, pointed out on his X profile that BlackRock’s IBIT had become the asset management giant’s most profitable ETF, currently with $244.5 million in annual revenue. With nearly $98 billion in capitalization, the fund accounts for 58% of its category.
