On Monday, Bitcoin continued its impressive climb, reaching a new all-time high by crossing the $89,000 mark. As Bitcoin’s price pushed upwards, U.S.-based Bitcoin ETFs mirrored the momentum, adding to their Bitcoin holdings in substantial amounts. The 11 Bitcoin ETFs collectively brought in $1.11 billion in inflows for the day, according to SoSoValue data. Notably, BlackRock’s IBIT fund accounted for a significant chunk of this total, with an inflow of $756.45 million, helping push the day’s cumulative inflows past the billion-dollar mark.
Several other ETFs added to their holdings, contributing to the overall upward trend:
- Fidelity’s FBTC fund added $135.07 million
- Ark Invest’s ARKB saw an inflow of $108.62 million
- Bitwise’s BITB brought in $42.66 million
- Grayscale’s BTC increased by $28.19 million
- Grayscale’s GBTC fund added $24.23 million
- Invesco’s BTCO brought in $8.70 million
- Franklin & Templeton’s EZBC saw an inflow of $10.09 million
Meanwhile, a few funds held steady with no recorded inflows or outflows for the day:
- VanEck’s HODL
- Valkyrie’s BRRR
- WisdomTree’s BTCW
At the time of writing, Bitcoin is trading at $88,600, slightly below its newest all-time high of $89,517, according to CoinMarketCap data. With Bitcoin ETF inflows remaining strong, Monday’s results signal ongoing institutional interest and confidence in Bitcoin, as each fund’s holdings continue to grow in value alongside the price of Bitcoin.
We’ll continue to keep an eye on these ETF inflows every day of the week here at HowToBuyBitcoin.org, as they play a key role in tracking demand and institutional investment in Bitcoin.