BlackRock’s IBIT Leads Spot Bitcoin ETF Inflows for Eighth Day Straight
The U.S. market for spot bitcoin exchange-traded funds (ETFs) continued its strong momentum with 202.51 million in net inflows on Monday, marking the eighth consecutive day of positive performance. Over the past eight trading days, a total of 756 million has been funneled into these 12 funds, signaling consistent investor interest.
BlackRock Dominates Inflows
BlackRock’s IBIT fund led the day, raking in 224.06 million—its largest daily inflow since July 22, based on SoSoValue data. Smaller contributions came from Franklin Templeton’s EZBC, which saw 5.52 million, and WisdomTree’s BTCW, with 5 million in net inflows.
On the other side, Bitwise’s BITB fund posted Monday’s largest outflows at 16.61 million, trailed by Fidelity’s FBTC with 8.33 million and VanEck’s HODL losing 7.18 million. The remaining funds, including Grayscale’s GBTC, reported no activity for the day.
Volume Normalizes After Spike
Trading volume for spot bitcoin funds dropped to 1.2 billion on Monday, returning to typical levels after surging to 3.12 billion last Friday. Since their inception in January, these funds have amassed 18.08 billion in total net inflows.
Ether ETFs Face Persistent Outflows
While bitcoin ETFs thrive, the situation remains starkly different for U.S. spot ether funds, which logged their eighth consecutive day of outflows on Monday.
The largest outflow came from Grayscale’s ETHE, which shed 9.52 million. Fidelity’s FETH saw a 2.69 million decline, while Franklin Templeton’s fund lost 1.02 million. None of the spot ether ETFs recorded inflows.
Spot ether funds also experienced subdued trading activity, with volumes reaching 125.73 million on Monday. Cumulatively, these funds have seen 477.88 million in net outflows since their launch.
Market Update
At the time of reporting, bitcoin had dropped 1.54% over the past 24 hours to 63,077, while ether was down 2.26%, trading at 2,689.
