Investor exercise in US-listed spot Bitcoin exchange-traded funds (ETFs) surged sharply on Oct. 6, mirroring BTC’s continued worth features and rising institutional curiosity.
In accordance with information from SoSoValue, the twelve authorised 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 practically $967 million in recent capital and practically $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 web new capital, marking the second-highest influx on report.
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