Blackrock's Bitcoin ETFs have become 2025’s biggest investment success story. Photo by BeInCrypto Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to read how institutional flows tell a story of dominance, dependency, and deep accumulation. At the center stands BlackRock, propping up a fragile ETF ecosystem that may not stand so tall without it. Crypto News of the Day: IBIT’s Outsized Impact and Concentrati ...

Core Insights - U.S. spot Bitcoin ETFs have seen significant inflows, with $1.19 billion in net inflows recorded on a single day, marking the highest total since July 10 [1][4] - BlackRock's iShares Bitcoin Trust (IBIT) has been a major contributor, accounting for over 81% of total inflows with $970 million added in one day [2][3] - The total cumulative net inflows into U.S. Bitcoin spot ETFs reached $61.26 billion as of October 6, with total assets under management at $169.54 billion [6] Inflows and Performance - The recent inflows capped off a record week for Bitcoin-linked investment products, with global digital asset funds attracting $5.95 billion, the largest weekly inflow on record [4] - Bitcoin itself has been trading near all-time highs, hovering around $124,500, with a more than 10% increase since the start of October [5] Fund Management and Revenue - BlackRock's IBIT has become the highest-revenue-generating ETF for the firm, managing $98.47 billion across 1.38 billion shares, generating approximately $244 million in annual revenue [3][4] - Ethereum spot ETFs have also seen positive trends, with $181.7 million in daily inflows and total net assets now at $32 billion as of October 6 [7]

Group 1: Bitcoin ETF Inflows - Bitcoin ETFs recorded their highest single day of inflows since mid-September, attracting $675.8 million on Wednesday, with BlackRock's IBIT fund leading with $405.5 million [1] - The inflows marked a three-day streak of over $100 million, with $518 million on Monday and $429.9 million on Tuesday [2] - A significant turnaround was noted from the previous week, where $418.3 million left Bitcoin ETFs on September 26, including a loss of $300.4 million from Fidelity's FBTC [2] Group 2: Ethereum ETF Performance - Ethereum ETFs also showed strong performance, attracting $80.9 million on Wednesday, following $127.5 million on Tuesday and $546.9 million on Monday [3] Group 3: Market Drivers - Increased inflows are attributed to macroeconomic factors, including predictions of imminent interest rate cuts in the US, with a nearly 100% chance of a rate cut in October [4] - The ADP private payrolls report indicated labor market weakness, reinforcing expectations for further Federal Reserve cuts [4] - Speculators on the Myriad prediction market place a 75% chance on two Fed rate changes by year-end, with potential for a 0.25% cut this month if macro data supports it [5] Group 4: Bitcoin's Market Perception - Bitcoin is currently trading at $119,288, perceived as a store-of-value similar to gold amid risks like dollar debasement and de-dollarization trends in countries like Russia and China [6] - Bitcoin is noted to capture both store-of-value flows and growth-asset upside, effectively straddling both narratives [7]

Group 1: Bitcoin ETFs Performance - Bitcoin spot ETFs in the U.S. experienced their first significant outflow in over a week, with $51.28 million leaving the market on September 17, following seven consecutive sessions of inflows [1][2] - The largest outflow was from Fidelity's FBTC, which saw $116.03 million withdrawn, despite a historical net inflow of $12.56 billion [2] - Grayscale's GBTC also faced significant losses with $62.64 million withdrawn, while Ark and 21Shares' ARKB lost $32.29 million [2] Group 2: Inflows and Total Assets - BlackRock's iShares Bitcoin Trust (IBIT) attracted $149.73 million in inflows on the same day, while Grayscale's lower-fee Bitcoin Mini Trust ($BTC) saw $22.54 million in inflows, raising its lifetime total to $1.84 billion [3] - Total assets under management for Bitcoin spot ETFs reached $152.45 billion, representing 6.62% of Bitcoin's market capitalization [3][4] - Cumulative net inflows across all Bitcoin products since launch stand at $57.33 billion [4] Group 3: Ethereum ETFs Struggles - Ethereum ETFs continued to face pressure, with $1.89 million in net outflows on September 17, extending a streak of withdrawals since early September [4][5] - Fidelity's FETH was the largest loser among Ethereum products, with $29.19 million in redemptions [4] - Total assets under management for Ether ETFs are now at $29.72 billion, or 5.47% of Ethereum's market capitalization, with cumulative inflows reported at $13.66 billion [5]

Group 1: Bitcoin ETFs Performance - Bitcoin spot ETFs in the U.S. recorded a net inflow of $260.02 million on September 15, marking the sixth consecutive day of gains and indicating renewed institutional interest [1] - BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $261.82 million, bringing its total historical inflows to $60.04 billion, establishing it as the dominant player in the market [2] - Cumulative inflows across Bitcoin products have reached $57.09 billion, with daily trading activity at $3.03 billion on September 15 [4] Group 2: Ethereum ETFs Performance - BlackRock's ETHA saw its strongest inflow of the month on September 15, adding $363.19 million worth of Ether, which increased its total assets to $17.09 billion [5] - Cumulative inflows across all Ethereum ETFs have climbed to $13.72 billion, with total assets under management at $30.35 billion [6] - Ethereum reversed a trend of outflows, posting $646 million in net inflows over four days, indicating a resurgence in demand [7]

Market Trends - Yesterday saw the highest Bitcoin (BTC) inflows in the last 2 months [1] - Total net flow for Bitcoin was $7415 million [1] ETF Performance - IBIT experienced inflows of $2112 million [1] - FBTC saw inflows of $299 million [1] - BITB recorded inflows of $444 million [1] - ARKB had inflows of $1451 million [1] - GBTC experienced inflows of $89 million [1]

On August 18, Ethereum spot ETFs recorded total net outflows of $197 million, the second-largest in history. Bitcoin spot ETFs saw total net outflows of $122 million, with Bitwise ETF (BITB) being the only one to register net inflows.https://t.co/Tvs2oCSxTg https://t.co/6WJJTVHdji ...