U.S. spot bitcoin exchange-traded funds (ETFs) saw $479.35 million in net inflows on Monday, the largest daily inflow in two weeks, signaling robust investor demand for bitcoin amid recent price momentum.
BlackRock’s IBIT led the charge, pulling in $315.19 million on Monday, according to data from SoSoValue. This marks the 11th consecutive day of positive flows for IBIT, cementing its position as the largest spot bitcoin ETF by net assets.
Several other bitcoin ETFs also recorded significant inflows:
- ARK and 21Shares’ ARKB: $59.78 million
- Fidelity’s FBTC: $44.12 million
- Bitwise’s BITB: $38.67 million
- Grayscale’s BTC: $21.59 million
However, seven other bitcoin ETFs saw no inflows on Monday. The total trading volume for all 12 ETFs climbed to $3 billion, up from $2.9 billion on Friday, reflecting growing market activity.
Bitcoin Price Hits Multi-Month High
Bitcoin surged 4.75% over the past 24 hours, trading at $71,200, the highest level since June. Meanwhile, ether (ETH) also gained momentum, rising 5.11% to trade at $2,619.
Ethereum ETFs See Modest Outflows
While bitcoin ETFs enjoyed significant inflows, spot Ethereum ETFs recorded net outflows of $1.14 million on Monday, following $19.16 million in outflows on Friday.
The largest outflow came from Grayscale’s ETHE, which lost $8.44 million. However, Fidelity’s FETH and BlackRock’s ETHA offset some of the losses, bringing in $5.02 million and $2.28 million respectively.
The total trading volume for the nine ether ETFs shrank slightly to $187.49 million, down from $189.88 million on Friday.
Bitcoin ETFs Outshine as Market Sentiment Builds
With spot bitcoin ETFs attracting nearly half a billion dollars in a single day, investors appear increasingly bullish on bitcoin, especially as it pushes toward new highs. In contrast, ether ETFs saw more cautious activity, possibly reflecting sector rotation or temporary shifts in sentiment.
Analysts suggest that bitcoin’s rally and ETF inflows signal growing confidence in crypto markets, with investors positioning themselves ahead of potential regulatory and macroeconomic developments.
