Key facts
- U.S. spot Bitcoin ETFs attracted $998.95 million on Monday.
- BlackRock's IBIT fund saw $381.37 million in inflows.
- Ark & 21Shares' ARKB and Fidelity's FBTC added $289.12 million and $238.84 million respectively.
- Bitcoin's price rose above an estimated ETF cost basis of $81,722.
- This price level returned the average fund holder to profit for the first time since January.
- Bitcoin was trading near $85,900 at the time of the report.
U.S. spot Bitcoin exchange-traded funds experienced a significant surge in inflows on Monday, attracting $998.95 million, according to data from SoSoValue. This marks the largest single-day inflow since October 2025, a stark contrast to the previous week, which saw the smallest weekly net inflow on record at just $6.2 million.
BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $381.37 million, followed by the Ark & 21Shares Bitcoin ETF (ARKB) with $289.12 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $238.84 million. Other funds like Morgan Stanley's MSBT and Bitwise's BITB also saw inflows, while Grayscale's Bitcoin Trust and VanEck's HODL recorded minimal or no new investments.
The substantial inflow coincided with Bitcoin's price climbing above an estimated ETF cost basis of $81,722 per coin. This development, noted by Bloomberg Intelligence analyst James Seyffart, means the average holder of a U.S. spot Bitcoin fund is now back in profit for the first time since January. Bitcoin was trading around $85,900 at the time, approximately 5% above this breakeven threshold.
David Wachsman, president of Hawkeye Digital, highlighted the importance of holders returning to profit, stating that those sitting on losses often sell to break even. He suggested that with the average buyer now in the green, it will become clearer whether institutional demand is for further Bitcoin exposure or simply a reaction to the recent rally.
Despite the large inflows, trading volume for the ETFs was around $4.5 billion, which Seyffart described as not particularly high given Bitcoin's price movement, and slightly below Friday's volume. Bloomberg Intelligence analyst Eric Balchunas noted that Monday's total likely reflects Friday's buying activity, meaning the market's response to Monday's price move may still emerge.
Cumulative net inflows for U.S. spot Bitcoin ETFs since their launch now stand at $56.16 billion, with the funds holding a total of $110.14 billion, representing 6.30% of Bitcoin's market capitalization. Vikas Gupta, country manager for India at Bybit, commented that Bitcoin's recovery is supported by renewed institutional demand, stronger spot ETF inflows, and evolving U.S. regulatory developments, suggesting market sentiment is driven by factors beyond monetary policy.