A significant wave of capital washed over the US spot Bitcoin exchange-traded funds this past Monday. For the first time since July 11, these funds saw net inflows surge past the $1 billion mark in a single day. Bitcoin itself marked a new all-time high of $126,296, adding to the market’s excitement.
- US spot Bitcoin ETFs experienced a surge in net inflows, exceeding $1 billion for the first time since July 11, coinciding with Bitcoin reaching a new all-time high.
- BlackRock’s IBIT fund was a major driver of this inflow, attracting significant capital and rapidly approaching a $100 billion assets under management milestone.
- Ethereum ETFs also saw substantial inflows, indicating broad investor interest in digital asset ETFs, while the overall Bitcoin market shows signs of structural strength despite short-term overheating risks.
The total daily inflows reached an impressive $1.21 billion. This figure stands as the second-largest daily haul ever recorded for Bitcoin ETFs. The standing record, $1.37 billion, was set on November 7, 2024, shortly after President Trump’s election victory.
BlackRock’s IBIT led the charge, pulling in a staggering $970 million. Fidelity’s FBTC followed with $112.3 million, Bitwise’s BITB added $60.1 million, and Grayscale’s BTC contributed $30.6 million. These numbers come from data compiled by The Block.
Trading activity also spiked alongside the price rise. IBIT alone accounted for $4.9 billion of the $6.5 billion in total trading volume on October 6. This shows where much of the market’s attention, and its money, is currently focused.
It wasn’t just Bitcoin feeling the love. US Ethereum ETFs also experienced a healthy Monday, seeing net inflows of $181.8 million. BlackRock’s ETHA product led this segment with $92.6 million. This added to a six-day positive streak for Ethereum ETFs, bringing their total inflows to nearly $1.5 billion.
BlackRock’s Ascent to $100 Billion
The real story, perhaps, lies with BlackRock’s IBIT. It is quickly closing in on a monumental milestone: $100 billion in total assets under management (AUM). This is the total value of assets managed by the fund, a key measure of its size and success.
Bloomberg Senior ETF analyst Eric Balchunas highlighted this growth. He noted that IBIT is “a hair away from $100 billion.” He also pointed out that IBIT is now BlackRock’s most profitable ETF by a good margin, based on its current AUM.
Balchunas found the speed of this growth remarkable. He posted on X, “Check out the ages of the rest of the Top 10. Absurd.” IBIT now outpaces BlackRock’s long-standing funds like its S&P 500, Russell 1000, and Gold ETFs in terms of annual revenue.
As of October 3, IBIT held 783,767.84 BTC. Monday’s inflows added approximately 7,860 BTC to that total. This brings IBIT’s holdings to around 791,628 BTC.
At yesterday’s all-time high, this amount of Bitcoin was worth $99.98 billion. Even at Bitcoin’s current price of $124,190, the value stands at $98.31 billion. These figures come from The Block’s BTC price page.
Since their launch in January 2024, spot Bitcoin ETFs have collectively drawn in about $61.5 billion in net inflows. Their total AUM now sits at nearly $170 billion, a figure boosted by Bitcoin’s concurrent price rise.
BlackRock’s Bitcoin fund is almost certain to become the fastest ETF to reach the $100 billion AUM milestone. It will trounce the current record holder, VOO, which took 2,011 days. IBIT has achieved its current size in just 435 days.
Nate Geraci, President of NovaDius Wealth Management, put this into perspective. He added on X, “Only 18 of 4,500+ ETFs have > $100 billion in AUM.” He reminded us that the first ETF launched in 1993, meaning this is a history spanning over 30 years.
What Comes Next for Bitcoin?
The current Bitcoin rally appears to be built on solid ground. BRN Head of Research told The Block that Bitcoin’s 2025 rally ranks among the most “structurally sound” in its history. He pointed to reduced leverage, cleaner positioning, and sustained real demand.
ETF data, on-chain signals (information recorded on the blockchain), and technical indicators all suggest strength. However, short-term overheating risks do remain. It’s like a runner pushing hard; a brief pause can be healthy.
Momentum is robust, but shorter-term indicators hint at mild overextension. A brief consolidation between $123,000 and $126,000 would be a healthy development. This would set the stage for the next upward move toward $130,000–$135,000.
The market seems to be taking a breath, perhaps, before its next big push. We’ve seen these patterns before, and the underlying data suggests a market that has learned a few lessons from past cycles.
