Spot Bitcoin ETFs saw a resurgence in demand, with inflows hitting $555 million on Monday, nearly doubling from Friday’s figures.
This spike coincided with Bitcoin’s climb back above $66,000, breaking key resistance levels. It was the most significant daily inflow since early June and the eighth largest since ETF trading began in January, pointing to a fresh wave of institutional interest.
Fidelity led the pack with $239.3 million, followed by Bitwise and BlackRock, signaling investor preference for established funds as U.S. stock indices displayed strength.
The surge in ETF interest has reignited the discussion over the best way to gain Bitcoin exposure. Some argue that spot ETFs offer a cleaner option compared to MicroStrategy, whose shares trade at a steep premium versus its Bitcoin assets.
Analysts have raised concerns about this overvaluation, while others see potential in MicroStrategy’s approach, which includes bold plans to transform into a trillion-dollar Bitcoin-centric financial institution.
Meanwhile, BlackRock’s Larry Fink fueled excitement by suggesting Bitcoin’s market could one day rival the $50 trillion U.S. housing sector, hinting at a transformative shift for the cryptocurrency market.
Trump Media & Technology Group (TMTG) is making a bold move into the crypto investment space by backing a new spot Bitcoin ETF.
Crypto attorney John Deaton has sparked speculation that Elon Musk and Tesla could expand their Bitcoin holdings, citing rising fiscal risks in the United States as a potential motivator.
BlackRock has executed a notable portfolio adjustment, reducing its exposure to Bitcoin while increasing its Ethereum holdings.
Omni cofounder Austin King believes the cryptocurrency industry is on the verge of a major reinvention.