Bitcoin ETFs see record $1.2 billion inflow with BlackRock’s IBIT leading the charge

Investor exercise in US-listed spot Bitcoin exchange-traded funds (ETFs) surged sharply on Oct. 6, mirroring BTC’s continued price gains and rising institutional curiosity.

According to data from SoSoValue, the twelve permitted funds collectively absorbed about $1.2 billion in inflows. This is their second-largest single-day haul since launching in 2024 and the strongest efficiency this yr.

Much of that demand concentrated round BlackRock’s iShares Bitcoin Trust (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 noted 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 integrate Bitcoin into mainstream portfolio strategies.

Meanwhile, the newest wave of inflows extends a broader sample of power that the monetary funding autos have registered not too long ago.

Last week alone, Bitcoin ETFs attracted round $3.2 billion in internet new capital, marking the second-highest inflow on record.

The put up Bitcoin ETFs see record $1.2 billion inflow with BlackRock’s IBIT leading the charge appeared first on CryptoSlate.