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BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded nearly $1b in inflows on Monday, marking its second-largest single-day intake since its debut earlier this year.
According to SoSoValue data, IBIT pulled in $970.93m, underlining the renewed appetite among institutional investors for crypto assets.
Crypto supporters have pointed out Bitcoin’s relative stability compared to US stocks during periods of economic uncertainty, a trend that has reignited discussions around Bitcoin’s potential as a safe-haven asset.
The surge comes amid a broader recovery in Bitcoin markets. Investors have been steadily returning to Bitcoin-linked products, buoyed by signs of resilience in the asset despite volatility in equities.
He noted that President Donald Trump’s recent silence on crypto matters had helped market sentiment. “Historically, his comments have coincided with price drops, though correlation is not causation,” he said. Toledano added that easing rhetoric around tariffs and the Federal Reserve has lifted investor confidence, alongside the strong inflows into Bitcoin ETFs that reflect renewed institutional support.
James Toledano, chief operating officer at Unity Wallet, said the current momentum stems from multiple factors.
Monday’s inflows were heavily concentrated in BlackRock’s IBIT, which brought in $970m. In contrast, Fidelity’s FBTC recorded outflows of $86.8m, while Grayscale’s GBTC saw $42.66m in net outflows.
Despite IBIT’s strong performance, the broader Bitcoin ETF market showed mixed momentum, signaling that investor demand remains selective.
With US equities under pressure and global markets seeking direction, both gold and Bitcoin have benefited from a pivot toward alternative stores of value.
Ark Invest’s ARKB fund posted the largest single-day outflow among major ETFs at $226.3m. Despite IBIT’s strong performance, the broader Bitcoin ETF market showed mixed momentum, signaling that investor demand remains selective.