Bitcoin ETFs Have Best Day in Almost a Month, All Driven by BlackRock
U.S. spot Bitcoin ETFs took in $526.7 million on Monday, their strongest day since September 22. BlackRock's IBIT fund brought in all of that money, while Fidelity and Grayscale funds saw money leave. The steady buying suggests fresh demand for Bitcoin through regulated funds, which traders may want to watch.
Why it matters
- Bitcoin ETFs took in $526.7 million on Monday, the biggest single day since September 22.
- BlackRock's IBIT accounted for all of the inflows, showing demand is concentrated in one fund.
- Fidelity and Grayscale funds saw outflows, so the net gain depended on a single issuer.
What to watch next
Watch whether ETF inflows continue over the next few sessions or whether they fade after this spike.
