U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their strongest single-day inflows in nearly three months, with $1.19 billion in net inflows on Monday, the highest since July 10. BlackRock's iShares Bitcoin Trust (IBIT) led the charge, accounting for over 81% of total inflows with $970 million added in one day, while Fidelity's Wise Origin Bitcoin Fund (FBTC) followed with $112.3 million and Bitwise's BITB with $60.1 million.
This surge coincides with a milestone for IBIT, which is now a hair away from $100 billion in assets under management (AUM) just 21 months after launch, generating roughly $244 million in annual revenue for BlackRock. Bloomberg ETF analyst Eric Balchunas highlighted IBIT's rapid ascent, noting it has become BlackRock's highest-revenue-generating ETF.
Globally, digital asset funds attracted $5.95 billion in weekly inflows, a record high, with Bitcoin accounting for $3.55 billion, Ethereum for $1.48 billion, Solana for $706.5 million, and XRP for $219.4 million. As of October 6, cumulative net inflows into U.S. Bitcoin spot ETFs reached $61.26 billion, with total AUM at $169.54 billion, representing about 6.8% of Bitcoin's market capitalization. Ethereum spot ETFs also saw $181.7 million in daily inflows and $14.6 billion cumulatively.
Bitcoin's price corrected 4.2% to around $122,000 on Tuesday after hitting an all-time high of $126,219, pausing a week-long 12.5% surge. Despite the pullback, derivatives data shows Bitcoin monthly futures trading at an 8% annualized premium, indicating steady optimism without speculative overheating. Exchange balances have dropped to a five-year low of 2.38 million BTC, down from 2.99 million a month earlier, signaling ongoing accumulation and reduced sell-side pressure.
Analysts point to strong support near $117,000 and project potential gains, with VanEck suggesting Bitcoin could capture half of gold's market cap, potentially reaching $644,000. Short-term, a correction toward $118,000 is seen as a healthy retracement, while a rebound above $125,500 could restore bullish momentum, with year-end targets of $150,000 supported by institutional flows and derivatives resilience.