Investor activity in U.S.-listed Spot Bitcoin exchange-traded funds (ETFs) surged on October 6, reflecting BTC’s continued price appreciation and increased institutional investor interest.
The 12 approved funds collectively absorbed about $1.2 billion in inflows, according to SoSoValue data. This is the second highest daily catch since its launch in 2024 and the best performance of the year.
Much of that demand has centered on BlackRock’s iShares Bitcoin Trust (IBIT), which has attracted nearly $967 million in new capital and nearly $5 billion in trading volume.
IBIT is currently on track to surpass $100 billion in total assets under management, an unprecedented milestone for a digital asset product.
Bloomberg analyst Eric Balciunas said IBIT already generates an estimated $244 million in annual revenue for BlackRock, outpacing the returns of the firm’s other established funds.
This profitability reflects how deeply institutional investors are beginning to incorporate Bitcoin into mainstream portfolio strategies.
Meanwhile, the recent wave of inflows extends a broader pattern of strength that financial investment vehicles have recorded recently.
Last week alone, Bitcoin ETFs attracted approximately $3.2 billion in net new funds, the second-highest inflow on record.
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(Tag translation) Bitcoin
