Spot Bitcoin exchange-traded funds in the US recorded an eighth consecutive day of positive net inflows.
On Monday alone, they saw inflows of $202.6 million, signaling continued investor interest in Bitcoin despite recent market volatility.
BlackRock’s IBIT made the most significant impact, attracting $224.1 million – the largest single-day inflow for the fund since July 22.
However, other spot Bitcoin ETFs showed relatively weak activity compared to BlackRock’s.
Franklin Templeton’s EZBC and WisdomTree’s BTCW saw minor positive inflows of $5.5 million and $5.1 million, respectively.
However, not all funds posted gains.
Bitwise’s BITB led the outflows, losing $16.61 million, followed by Fidelity’s FBTC, which saw $8.33 million withdrawn. VanEck’s HODL also saw an outflow of $7.18 million.
Meanwhile, other funds, including Grayscale’s GBTC, showed no significant movements.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
Bitcoin’s downward trend could persist longer than expected, according to some analysts who see similarities with the 2022 bear market.