brought<\/a><\/strong> in an impressive $2.57 billion\u2014more than the sector\u2019s total net inflow\u2014effectively absorbing outflows from other funds.<\/p>\nThe gains were largely driven by renewed institutional confidence as Bitcoin hovered near its all-time high of $120,000. At the same time, IBIT\u2019s continued dominance reflects investor rotation into lower-cost and more liquid ETF structures. Capital appears to be flowing out of legacy vehicles like Grayscale\u2019s GBTC, which saw $122.5 million in redemptions, and ARK 21Shares\u2019 ARKB, which lost $119.6 million.<\/p>\n
What\u2019s driving the gains?<\/h2>\n
Several key factors are fueling this surge. Optimism around potential interest rate cuts has lifted risk appetite broadly, while continued ETF inflows signal that institutions view Bitcoin as a maturing asset class.<\/p>\n
Further boosting investor sentiment, President Donald Trump recently signed the long-awaited GENIUS Act, aimed at providing clear regulatory guidance for stablecoins and digital asset innovation in the U.S. The law also included provisions to support broader crypto infrastructure development and affirmed that Americans have the right to self-custody digital assets\u2014moves widely celebrated across the crypto community.<\/p>\n