Bitcoin ETFs Record Largest Inflow Since September With $675.8 Million
Bitcoin U.S. exchange-traded funds (ETFs) saw significant inflows, with $675.8 million recorded, marking the largest since Sept. 10.
BlackRock's iShares Bitcoin Trust (IBIT) led the inflows, capturing $405.5 million, its highest since Aug. 14, bringing total net inflows to $61.376 billion.
The surge coincided with a 4% increase in bitcoin's price, surpassing $119,000.
IBIT ranked among the top 20 ETFs by assets for the first time, reaching $90.7 billion. Since its launch in January 2024, it has risen by 175%.
Bloomberg Senior ETF Analyst Eric Balchunas speculates IBIT could enter the top 10 ETFs by December 2026, given its growth trajectory.
Historically, Wednesdays have been the most bullish days for bitcoin over the past year, while Thursdays have shown bearish trends.
