Bitcoin ETFs Haul in $1.19 Billion in Biggest Single-Day Surge Since July

Group 1 - U.S. spot Bitcoin ETFs experienced their strongest inflow day in nearly three months, attracting $1.19 billion, indicating renewed institutional confidence as Bitcoin approaches record highs [1][2] - BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $970 million, representing over 81% of the total, while Fidelity's FBTC and Bitwise's BITB contributed $112.3 million and $60.1 million, respectively [1][2] - The inflow surge is attributed to institutional investors seeking risk-off hedges amid ongoing U.S. government shutdown concerns, with Bitcoin being viewed as a strong asset in the current environment [2][4] Group 2 - The inflows on Monday marked the highest single-day total since July 10, when Bitcoin ETFs attracted $1.18 billion [2] - IBIT has become BlackRock's highest revenue-generating ETF in under two years, capturing $1.8 billion of last week's $3.2 billion in total spot Bitcoin ETF inflows [3][4] - Analysts suggest that the inflows reflect renewed institutional confidence in Bitcoin, driven by expectations of monetary easing and its role as an inflation hedge [4] Group 3 - Despite the inflow surge, retail investor sentiment remains muted, with many still on the sidelines [3] - Technical indicators suggest potential overheating in the market, with the RSI above 84 and large holders transferring BTC to exchanges at a 30-day high, indicating profit-taking pressure [5] - Bitcoin faces significant resistance between $126,000 and $130,000, with a failure to hold above $123,000 potentially leading to a retracement toward $110,000 [5]