Overview

• U.S. spot Bitcoin ETFs took in about $1.19 billion on Oct. 6, the second-largest daily haul since launch, with BlackRock’s IBIT accounting for roughly $967–970 million.
• Bitcoin briefly reached a new all-time high around $126,198 before easing to roughly $123,000–$124,000 as traders booked profits.
• IBIT is nearing $100 billion in assets and is now BlackRock’s most profitable ETF, generating an estimated $244 million in annualized fee revenue.
• Cumulative Bitcoin ETF inflows are about $60 billion since January 2024, with roughly $3.2–$3.6 billion last week and $3.47 billion across the first four trading days of October.
• Analysts flag risks beneath the rally, citing record derivatives open interest near $233.5 billion, elevated leverage, whale profit-taking, and a history of $1 billion-plus ETF inflow days coinciding with short-term tops.