TL;DR
- ETF inflows: Bitcoin ETFs amassed $2.25 billion in just four days, with BlackRock, Fidelity, and ARK/21Shares leading the surge. BlackRock’s IBIT alone secured $466.55 million in a single session.
- Price momentum: Bitcoin broke through the $120,000 mark, settling near $120,400 with bullish indicators like RSI at 64.38 and MACD expansion.
- Market outlook: Ethereum ETFs also attracted $1.06 billion, while Bitcoin ETP holdings climbed to 1.47 million BTC, about 7% of the capped supply. With $161.03 billion locked in Bitcoin ETFs, institutional participation is accelerating.
Bitcoin ETFs have been on a 4-day streak, amassing $2.25 2.25billion in inflows, igniting fresh momentum in the crypto market. Led by BlackRock, Fidelity, and ARK/21 Shares, the surge shows continued growing institutional demand as Bitcoin pushes through the $120,000 mark and investors regain confidence.
BlackRock’s IBIT Dominates Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the clear leader, securing $466.55 million in a single session. This pushed its cumulative total to $61.84 billion, with assets under management now at $93.95 billion. IBIT also recorded 62.25 million shares traded, cementing its dominance in the ETF landscape. Analysts note that IBIT’s scale has even surpassed Coinbase’s Deribit platform in open interest, highlighting its growing role as a primary venue for Bitcoin exposure.
Fidelity and ARK Secure Strong Positions
Fidelity’s FBTC followed with $89.62 million in inflows, bringing its net assets to $24.91 billion. ARK and 21Shares’ ARKB added $45.18 million, lifting its managed assets to $5.43 billion. Both funds closed the day with gains near 2.9%, reflecting renewed investor confidence. Together with BlackRock, these three ETFs accounted for most inflows, reinforcing their leadership in the U.S. spot Bitcoin ETF market.
Bitcoin Price Action Fuels Momentum
Today’s ETF inflows coincided with Bitcoin pushing through the $120,000 mark, gaining nearly 2%, and settling at around $120,400. Technical indicators like the Relative Strength Index (64.38) and the MACD are showing bullish trends. Experts believe sustained trading above $120,000 could eventually push BTC to $123,000, settling the support level at $117,000. The combination of ETF inflows and price action is proof of strong institutional conviction.
Broader Market Impact and Outlook
Beyond Bitcoin, Ethereum ETFs are also reporting impressive inflows, totaling $1.06 billion. Bitcoin ETPs’ holdings surged to 1.47 million BTC, representing 7% of the total supply. Institutional participation continues to accelerate with $161.03 billion locked in Bitcoin ETFs. Market experts are closely monitoring the situation as October unfolds.
