Bitcoin ETFs experienced significant inflows totaling $934.8 million, with BlackRock's IBIT leading the surge by attracting $877.2 million, Fidelity's FBTC following with $48.7 million, and ARK Invest's ARKB with $8.9 million.
The total inflow marked the largest single-day influx since January, reflecting the increased interest in the crypto markets with Bitcoin nearing all-time highs.
BlackRock's IBIT has seen remarkable growth, absorbing over $7.7 billion since April 22, pushing its assets under management to $68.7 billion and making it one of the top five ETFs by year-to-date inflows across all asset classes.
The growing institutional confidence in Bitcoin is evidenced by the surge in ETF investments, potentially driving further price appreciation for BTC and signaling a maturing crypto market where ETFs offer a secure and transparent access point for investors.