According to the latest data from SoSoValue, Bitcoin spot exchange-traded funds (ETFs) recorded a total net inflow of $876 million on October 7, signaling renewed investor interest in institutional Bitcoin exposure. The strong inflows come amid growing optimism in the broader crypto market, pushing total ETF assets closer to record highs.
BlackRock’s IBIT Leads with Record $899 Million Inflow
The standout performer for the day was BlackRock’s iShares Bitcoin Trust (IBIT), which alone attracted a single-day net inflow of $899 million, exceeding the total combined inflows of other major funds. This surge further strengthens BlackRock’s dominance in the Bitcoin ETF market.
As of the latest update, IBIT’s historical cumulative net inflow has reached an impressive $64.504 billion, highlighting continuous demand from institutional investors and long-term holders. The steady growth of IBIT underscores how traditional finance continues to incorporate Bitcoin into diversified portfolios.
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Valkyrie’s BRRR Secures Second Spot
Following BlackRock, Valkyrie’s Bitcoin ETF (BRRR) took the second position in terms of daily inflows, recording a net inflow of $4.81 million. While modest compared to IBIT’s performance, BRRR’s inflows have been consistent, pushing its historical total net inflow to $343 million.
This trend indicates that smaller issuers continue to garner investor confidence, despite the market’s concentration around the largest ETFs remaining strong.
Grayscale’s GBTC Records Outflow
In contrast, Grayscale’s Bitcoin Trust (GBTC) experienced a significant net outflow of $28.62 million on the same day. The fund has now accumulated a total historical outflow of $24.135 billion.
Analysts attribute this ongoing outflow to the transition of investors toward lower-fee Bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC. While GBTC remains one of the most established funds in the sector, competition from newer ETFs has steadily eroded its dominance since spot ETF approvals began earlier in the year.
ETF Market Share and Outlook
As of press time, the total net asset value (NAV) of all Bitcoin spot ETFs stands at $164.91 billion. The ETF net asset ratio, representing the market value of these ETFs as a percentage of Bitcoin’s total market capitalization, has now reached 6.78%, a significant milestone for institutional adoption.
Furthermore, the historical cumulative net inflow for Bitcoin spot ETFs has climbed to $62.136 billion, showing sustained investor confidence in the asset class despite broader market fluctuations.
With BlackRock leading inflows and total ETF participation expanding, analysts suggest the continued inflow trend could support Bitcoin’s price stability in the short term. Moreover, as macroeconomic sentiment shifts toward risk-on assets, ETF participation is likely to continue playing a vital role in shaping Bitcoin’s market trajectory in Q4.
