Key Takeaways
- Bitcoin ETFs saw $880 million in inflows across Oct. 25 and 28.
- BlackRock’s IBIT led the inflows with $607 million in new capital.
- Bitcoin broke $71,000, approaching its all-time high.
Bitcoin exchange-traded funds (ETFs) saw significant net inflows totaling $880 million over two days, driven by growing investor interest as Bitcoin surpassed $71,000. Data from Farside Investors shows that on Oct. 25 and Oct. 28, BlackRock’s iShares Bitcoin Trust (IBIT) led the market with a $607 million influx.
On Friday, Oct. 25, total inflows reached $402 million, with IBIT securing $292 million, while Fidelity’s FBTC added $56.9 million and ARK’s ARKB gained $33.4 million. Smaller contributions came from Bitwise’s BITB and VanEck’s HODL funds.
The trend continued into Monday, Oct. 28, as Bitcoin touched $69,000. Total inflows rose to $479.4 million, with IBIT bringing in another $315.2 million. ARKB saw $59.8 million in new investments, while BITB experienced a notable $38.7 million uptick. Grayscale’s BTC fund also added $21.6 million.
This surge follows a brief period of mixed inflows and outflows earlier in the week. As Bitcoin now trades near $71,500, investors are watching closely for further gains, with the price just 3.5% below its all-time high.
