Bitcoin Hits New ATH as Spot BTC ETFs Bring 2nd-Highest Daily Inflow since Launch

Core Insights - Bitcoin has reached new all-time highs above $126,000, driven by significant inflows into US spot ETFs and market optimism [1] - Bitcoin ETFs recorded their second-highest daily inflow since launch, totaling $1.19 billion on October 6, with BlackRock's iShares Bitcoin Trust leading the inflows [2] - Institutional demand for Bitcoin is surging, with $3.2 billion in cumulative inflows during the previous week, marking the second-largest weekly gain for Bitcoin ETFs since their inception [4] Bitcoin ETF Performance - The iShares Bitcoin Trust (IBIT) is nearing $100 billion in assets under management, a milestone achieved by no other ETF in the history of the industry at such a rapid pace [3] - The recent inflow of $1.19 billion on October 6 indicates strong investor interest and confidence in Bitcoin ETFs [2] Strategic Bitcoin Reserve - US Senator Cynthia Lummis indicated that funding for the proposed US Strategic Bitcoin Reserve could commence soon, utilizing Bitcoin already held by the US Treasury [5] - The reserve aims to acquire additional Bitcoin through budget-neutral channels, ensuring no extra costs to American taxpayers [6] - President Trump's executive order has established the framework for the Strategic Bitcoin Reserve, although specific details about its structure and timeline remain unclear [6]