Bitcoin ETFs Record Second Largest Inflow Since Launch

U.S. spot bitcoin ETFs achieved the second largest inflow day in history as bitcoin reached a new record price on Monday.

Eleven spot bitcoin ETFs recorded a cumulative $1.18 billion in inflows that day, immediately following November 7, 2024, when the ETFs accumulated $1.37 billion after Donald Trump won the U.S. presidential election.

A big day for the ETFs, coinciding with a new all-time high for bitcoin of over $126,000, brings the total inflow for October to $3.47 billion in just four trading days, according to CoinGlass.

Meanwhile, bitcoin ETFs have cumulatively generated around $60 billion since their inception, wrote Bloomberg ETF analyst James Seyffart on X on Monday.

The enormous demand for bitcoin ETFs highlights the significant impact of institutional investors in this bull market, while retail investors are reportedly still on the sidelines.

BlackRock iShares Bitcoin Trust (IBIT) recorded the lion’s share of inflows with an astonishing $967 million entering the product on Monday. The ETF has brought in $2.6 billion in inflows since the beginning of October.

Fidelity Wise Origin Bitcoin Fund (FBTC) recorded an inflow of $112 million, Bitwise Bitcoin ETF (BITB) has $60 million, and Grayscale Bitcoin Mini Trust (BTC) $30 million. There were smaller inflows for Invesco, WisdomTree, and Franklin funds.

The BlackRock Bitcoin ETF is on the verge of surpassing $100 billion in assets under management, noted Nova Dius President Nate Geraci on Tuesday.

According to the official website, IBIT has assets under management (AUM) of nearly $98.5 billion in bitcoin and cash, holding 783,767 bitcoins.

The world’s largest ETF, the Vanguard S&P 500 ETF, took over 2,000 days to reach that milestone, while IBIT will achieve it in less than 450 days, Geraci said. Only 18 of over 4,500 ETFs have more than $100 billion in AUM, he added.