U.S. spot Bitcoin ETFs recorded a net inflow of $998.95 million on Monday. This figure marks the largest single-day haul for these funds since last October, according to Bloomberg Intelligence analyst Eric Balchunas.
BlackRock's IBIT led the inflows with $381.37 million, followed by Ark & 21Shares' ARKB with $289.12 million and Fidelity's FBTC with $238.84 million. Morgan Stanley's MSBT and Bitwise's BITB added $61.67 million and $21.56 million respectively.
The recent market rally pushed Bitcoin above the estimated ETF cost basis of $81,722 per coin. Analysts note that this development puts the average holder of a U.S. spot Bitcoin fund back into profit for the first time since January.
Despite the surge in inflows, trading volume for the funds reached approximately $4.5 billion, which is slightly lower than the $4.6 billion recorded on Friday. Cumulative net inflows for these ETFs since their launch have reached $56.16 billion.
Currently, these funds hold a total of $110.14 billion in assets, representing 6.30% of Bitcoin's total market capitalization. Experts suggest that the recent recovery is supported by institutional demand and evolving regulatory developments.
