Bitcoin ETFs Flooded with $998M as Average Holder Returns to Profit

U.S. spot Bitcoin ETFs saw a massive influx of $998.95 million on Monday, according to SoSoValue, after posting their smallest weekly net inflow in history just one week prior.

The largest contributor was BlackRock's IBIT, which drew in $381.37 million, followed closely by Ark & 21Shares' ARKB at $289.12 million and Fidelity's FBTC at $238.84 million.

This surge marks a significant reversal from last week, when funds ended the week of September 18 just $6.2 million ahead.

Bloomberg Intelligence analyst Eric Balchunas noted that Monday's total is the biggest single-day haul since last October.