A billion-dollar Bitcoin ETF bonanza šŸ’°

U.S. spot Bitcoin ETFs saw their biggest single day of inflows since July, pulling in $1.19 billion—$970 million of which went to BlackRock's IBIT.

šŸ“ What you need to know

With Bitcoin setting a new all-time high above $126,000 Monday, U.S. spot Bitcoin ETFs saw a bumper day of inflows, drawing in $1.19 billion—the highest single-day total since mid-July.

BlackRock’s iShares Bitcoin Trust (IBIT) was the clear winner, with inflows of $970 million on Monday, and $1.8 billion of last week’s $3.2 billion in total spot Bitcoin ETF inflows.

With some $244.5 million in annual revenue, IBIT is now BlackRock’s most profitable ETF just 21 months after its launch, overtaking products that have been generating revenue for over two decades.

It’s not all good news for ETFs, though. While analysts told Decrypt that the surge points to institutional hedging during the U.S. government shutdown, they warned that retail sentiment remains muted, and technical indicators suggest caution.

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