Nearly $1B flows into Bitcoin ETFs as bull market returns

Bitcoin bulls have returned, if the ETF inflow numbers are any guide.

On Monday, U.S. bitcoin ETFs saw $999 million in fresh investments, according to data from Farside Investors.

That figure is the highest single-day total since October 6, when inflows surpassed $1.2 billion and bitcoin reached a record $126,080.

Bitcoin was recently trading at $86,552, having touched $87,330 earlier on Monday. The cryptocurrency has climbed roughly 13% over the past week.

Since their SEC approval in 2024, U.S. bitcoin ETFs have given investors access to the asset class that was previously difficult to obtain. Wall Street institutions can now readily purchase shares in funds run by firms including BlackRock, Fidelity, and Morgan Stanley.

Large inflows into these funds frequently trigger notable price moves, as occurred on Monday.

Bloomberg ETF analyst James Seyffart noted on Monday that the average ETF purchaser is now profitable, as the estimated cost basis exceeded $81,72 for the first time since January.

BlackRock’s iShares Bitcoin Trust attracted the largest share of Monday’s inflows at $381.4 million. The ARK 21Shares Bitcoin ETF drew $289.1 million, while Fidelity’s Wise Origin Bitcoin Fund pulled in $238.8 million.

Investor interest in bitcoin has revived following a slowdown in the AI stock rally and the U.S. Treasury Department’s August announcement that it would at least double the scale of its liquidity-support buyback operations.

According to analysts, that action lowered 30-year Treasury yields, weakened the U.S. dollar, and enhanced the appeal of assets such as bitcoin. After the Treasury’s statement, bitcoin experienced its strongest rally in years.

A CryptoQuant report on Tuesday stated that bitcoin moved above its 365-day moving average, indicating the end of its bear market phase.