BlackRock’s IBIT Dominates Bitcoin ETF Inflows as BTC Surges
The post BlackRock’s IBIT Dominates Bitcoin ETF Inflows as BTC Surges appeared on BitcoinEthereumNews.com. On Monday, leading coin Bitcoin surged to an intraday high of $108,952 as renewed buying interest pushed the asset higher. The rally triggered significant activity across BTC-backed ETFs. Bitcoin ETFs recorded a combined net inflow exceeding $400 million for the day, with BlackRock’s IBIT leading the charge. Today, the king coin has recorded a modest 1% gain, with on-chain showing growing skepticism among leveraged traders. ETF Inflows Surge on Bitcoin Rally Bitcoin climbed to an intraday high of $109,952 on Monday as renewed investor interest drove a wave of buying pressure. This resurgence in momentum helped fuel a spike in inflows into US-listed spot BTC ETFs, which saw a net capital injection of $408.59 million, their largest single-day inflow since June 10. Total BitcTotal Bitcoin Spot ETF Net Inflow. Source: SosoValue BlackRock’s iShares Bitcoin Trust (IBIT) led the ETF pack in net inflows, asserting its dominance among institutional-grade crypto investment vehicles. Per SosoValue, the fund’s inflows on Monday amounted to about $267 million, bringing its total historical net inflow to $50.03 billion. This strong inflow suggests that institutional investors remain largely unmoved by near-term volatility and continue seeing BTC as a valuable portfolio hedge. BTC Holds Steady, But Traders Hedge for Downside While BTC is up a modest 1% today, the derivatives market is flashing warning signals. Funding rates have flipped negative again, reflecting renewed bearish sentiment among perpetual futures traders. According to Coinglass, this currently stands at 0.0007%. BTC Funding Rate. Source: Coinglass The funding rate is a periodic payment exchanged between traders in perpetual futures markets to keep contract prices aligned with the spot market. When the funding rate is negative, short traders are paying long traders, indicating that bearish sentiment dominates the market. If this lingers, it could exacerbate the downward pressure on the coin’s price. Meanwhile,…
The post BlackRock’s IBIT Dominates Bitcoin ETF Inflows as BTC Surges appeared on BitcoinEthereumNews.com.
On Monday, leading coin Bitcoin surged to an intraday high of $108,952 as renewed buying interest pushed the asset higher. The rally triggered significant activity across BTC-backed ETFs. Bitcoin ETFs recorded a combined net inflow exceeding $400 million for the day, with BlackRock’s IBIT leading the charge. Today, the king coin has recorded a modest 1% gain, with on-chain showing growing skepticism among leveraged traders. ETF Inflows Surge on Bitcoin Rally Bitcoin climbed to an intraday high of $109,952 on Monday as renewed investor interest drove a wave of buying pressure. This resurgence in momentum helped fuel a spike in inflows into US-listed spot BTC ETFs, which saw a net capital injection of $408.59 million, their largest single-day inflow since June 10. Total BitcTotal Bitcoin Spot ETF Net Inflow. Source: SosoValue BlackRock’s iShares Bitcoin Trust (IBIT) led the ETF pack in net inflows, asserting its dominance among institutional-grade crypto investment vehicles. Per SosoValue, the fund’s inflows on Monday amounted to about $267 million, bringing its total historical net inflow to $50.03 billion. This strong inflow suggests that institutional investors remain largely unmoved by near-term volatility and continue seeing BTC as a valuable portfolio hedge. BTC Holds Steady, But Traders Hedge for Downside While BTC is up a modest 1% today, the derivatives market is flashing warning signals. Funding rates have flipped negative again, reflecting renewed bearish sentiment among perpetual futures traders. According to Coinglass, this currently stands at 0.0007%. BTC Funding Rate. Source: Coinglass The funding rate is a periodic payment exchanged between traders in perpetual futures markets to keep contract prices aligned with the spot market. When the funding rate is negative, short traders are paying long traders, indicating that bearish sentiment dominates the market. If this lingers, it could exacerbate the downward pressure on the coin’s price. Meanwhile,…
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