Bitcoin ETFs Surge Past $1 Billion in Single Day

The U.S. spot Bitcoin ETFs recorded their largest single-day inflow of $998.95 million on Monday, beating the previous record set in January this year.

This influx was led by BlackRock's iShares Bitcoin Trust (IBIT) with $381 million, followed closely by ARK 21Shares Bitcoin ETF (ARKB) at $289 million and Fidelity's Wise Origin Bitcoin Fund (FBTC) at $239 million.

The strong inflow brings the year-to-date deficit closer to breakeven for U.S. spot Bitcoin ETFs, which remain in negative territory overall.

CryptoQuant analyst Julio Moreno sees this as a positive signal, noting that Bitcoin has crossed its 365-day moving average and confirming a new bull market.