Bitcoin Spot ETFs Log $676M Inflows in 3 Days, IBIT Tops at $405M
Bitcoin spot exchange-traded funds (ETFs) have seen a wave of new inflows. This signals renewed investor confidence in the asset. Data from SoSoValue shows that net inflows reached $676 million over the past three trading days. With BlackRock iShares Bitcoin Trust (IBIT) leading the charge. The surge highlights strong institutional appetite for Bitcoin, even as the broader market remains volatile.
BlackRock IBIT Leads with Record Daily Inflow
Among the group, BlackRock IBIT posted the highest single-day inflow on October 1. The ETF attracted $405 million in new funds, according to the data. This lifted its historical cumulative inflows to $61.38 billion. This makes it the clear frontrunner among U.S.-listed Bitcoin ETFs. IBIT also recorded a daily trading volume of $3.85 billion on October 1, with nearly 58 million shares changing hands.
Its net assets now stand at $90.87 billion, reflecting its dominance in the growing Bitcoin ETF sector. The ETF has been a favorite for institutions due to its size, liquidity and BlackRock reputation. Its relatively low fee of 0.25% has also kept it competitive in a crowded market.
Fidelity and Others Add to Momentum
Fidelity Wise Origin Bitcoin Fund (FBTC) ranked second in daily inflows with $179 million on October 1. This brought its cumulative inflows to $12.46 billion, supported by net assets of $24.12 billion. FBTC also recorded a strong daily trading volume of $508 million. It underscores its role as IBIT’s closest competitor. Other players, including Ark Invest ARKB and Grayscale new BTC fund, posted smaller but steady inflows.
ARKB attracted $5.86 million, lifting its cumulative inflows to $2.28 billion, while Grayscale BTC product saw $9.88 million. Even Grayscale flagship GBTC, which has long struggled with outflows, posted a modest $9.22 million net inflow. This marked a rare reversal for the fund, which still carries a cumulative outflow of $24.13 billion since converting from a trust earlier this year.
Market Impact and Investor Sentiment
The three-day streak of net inflows suggests renewed institutional interest in Bitcoin at the start of October. In total, Bitcoin ETFs recorded $675.81 million in inflows on October 1 alone. The fund traded $5.03 billion worth of assets that day, showing strong market activity. Cumulative net inflows across all U.S.-listed spot ETFs have now reached $58.44 billion.
Total net assets sit at $155.89 billion, a new milestone for the sector. Market analysts say the trend could reflect investors’ positioning ahead of potential macroeconomic shifts. With interest rate cuts expected later this year. Some believe Bitcoin ETFs will continue to attract capital as investors seek alternative assets.
Outlook for the Final Quarter
The inflow streak arrives as Bitcoin enters the fourth quarter, historically one of its stronger periods. Institutional demand through ETFs could provide fresh momentum. Especially if global liquidity improves. While critics remain cautious about short term volatility. The sustained growth of IBIT and its peers highlights Bitcoin evolving role in mainstream portfolios. With BlackRock leading the way and competitors like Fidelity close behind. Bitcoin ETFs appear set to play a larger role in the market’s next chapter. The key question now is whether these inflows can be sustained. For investors, the answer may determine whether Bitcoin sees another breakout by the end of 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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