Spot Bitcoin ETFs saw nearly $1 billion in inflows on Monday, signaling a strong institutional recovery as Bitcoin prices climbed above the average investor's cost basis for the first time since January.
Bitcoin climbed above the estimated ETF cost basis, putting average holders back in profit and supporting renewed institutional demand.
IBIT drew $381.37 million in daily inflows, the largest among spot Bitcoin ETFs.
ARKB saw $289.12 million in inflows, contributing to the record day.
FBTC added $238.84 million in inflows.
MSBT took in $61.67 million, a smaller but positive inflow.
BITB recorded $21.56 million in inflows.
HODL recorded no inflows on the day.
BRRR recorded no inflows on the day.
U.S. spot Bitcoin ETFs recorded a massive $998.95 million inflow on Monday, marking the largest single-day haul since October. BlackRock's IBIT led the surge with $381.37 million, helping push Bitcoin prices above the average ETF cost basis of $81,722 and returning institutional holders to profitability.
Crossing this level puts the average spot ETF holder back into profit, which reduces the selling pressure from investors who were previously waiting to break even on their positions.