BlackRock’s IBIT Dominates Inflows as Bitcoin Tests $109,000 | ETF News
Bitcoin's surge to nearly $110,000 triggered a record $408 million in ETF inflows, with BlackRock's IBIT taking the lead. However, negative funding rates and growing bearish sentiment hint at possible challenges.
On Monday, leading coin Bitcoin surged to an intraday high of $108,952 as renewed buying interest pushed the asset higher. The rally triggered significant activity across BTC-backed ETFs.
Bitcoin ETFs recorded a combined net inflow exceeding $400 million for the day, with BlackRock’s IBIT leading the charge. Today, the king coin has recorded a modest 1% gain, with on-chain showing growing skepticism among leveraged traders.
ETF Inflows Surge on Bitcoin Rally
Bitcoin climbed to an intraday high of $109,952 on Monday as renewed investor interest drove a wave of buying pressure.
This resurgence in momentum helped fuel a spike in inflows into US-listed spot BTC ETFs, which saw a net capital injection of $408.59 million, their largest single-day inflow since June 10.
Total BitcTotal Bitcoin Spot ETF Net Inflow. Source:
SosoValue
BlackRock’s iShares Bitcoin Trust (IBIT) led the ETF pack in net inflows, asserting its dominance among institutional-grade crypto investment vehicles. Per SosoValue, the fund’s inflows on Monday amounted to about $267 million, bringing its total historical net inflow to $50.03 billion.
This strong inflow suggests that institutional investors remain largely unmoved by near-term volatility and continue seeing BTC as a valuable portfolio hedge.
BTC Holds Steady, But Traders Hedge for Downside
While BTC is up a modest 1% today, the derivatives market is flashing warning signals. Funding rates have flipped negative again, reflecting renewed bearish sentiment among perpetual futures traders. According to Coinglass, this currently stands at 0.0007%.
BTC Funding Rate. Source:
Coinglass
The funding rate is a periodic payment exchanged between traders in perpetual futures markets to keep contract prices aligned with the spot market. When the funding rate is negative, short traders are paying long traders, indicating that bearish sentiment dominates the market.
If this lingers, it could exacerbate the downward pressure on the coin’s price.
Meanwhile, options traders are also leaning defensive. Data from Deribit shows an increased demand for put contracts over calls today, suggesting investors are seeking downside protection amid growing uncertainty.
BTC Options Open Interest. Source:
Deribit
While ETF inflows point to strong institutional demand, the underlying market signals suggest traders are treading carefully. With funding rates turning negative and put options gaining traction, investors may be bracing for short-term volatility despite the bullish inflow narrative.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil tanker freight reaches a sixty-year high: shipping oil from the US to China is more expensive than launching a rocket!
The freight for a single barrel of crude oil has soared to $41, approaching half the oil price, and for a single trip, the freight was once enough to buy an oil tanker. The Middle East crisis has led to a structural shortage of shipping capacity in the Strait of Hormuz, coupled with ship-to-ship transfers extending turnaround times. VLCC freight rates have skyrocketed from an annual average of $9.2 million to $77 million—an increase of more than eight times. Refiners’ profits are being rapidly eroded, the average price of second-hand oil tankers has reached a historic high, and, unusually, surpassed the price of new vessels.
Following the Drop but Not the Rise! Silver Trapped in Difficulties
The logic of AI and solar energy demand continues to play out, yet prices are falling against the trend—macroeconomic forces such as a strengthening US dollar and rising real interest rates have completely suppressed fundamentals. Speculative funds offloaded $1.6 billion in a single week, marking a yearly peak, while CTA net short positions reversed by $2.6 billion to the highest level this year. However, Goldman Sachs analysts believe that the extreme short positioning itself is building reversal momentum, highlighting an asymmetry; once macro headwinds subside, a retaliatory rebound could be easily triggered. After a similar shakeout last time, silver surged 15% in six weeks.
The "Digital Metrics Game" Behind the Trillion-Dollar Valuation: OpenAI and Anthropic's Revenues Are Actually Incomparable
Anthropic counts "total revenue" in its cloud sales, while OpenAI only recognizes the "net revenue" based on profit-sharing. This discrepancy in accounting standards has directly triggered a decline in tech stocks. Even more striking, the highly touted "annualized revenue" is significantly inflated, with OpenAI's actual revenue expected to be only half of this figure. Anthropic's actual revenue also exhibits nearly a 50% gap compared to its reported numbers.
Crypto prices
More
