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$1.2B Flood: IBIT Crowns the Bitcoin ETF Boom
On Oct. 6–7, a wall of money rushed into U.S. spot Bitcoin ETFs, about $1.2 billion in a single day, with BlackRock’s IBIT hoovering up roughly $967 million as it edges toward the $100 billion AUM milestone and has become BlackRock’s most profitable ETF by estimated annual revenue. As prices flirted with fresh highs, veteran watchers noted this $1B plus surge has marked short term tops six times before a drumbeat of euphoria that often precedes a pause. For now, the tape reads like a bull market vignette institutions pile in, volumes roar, and IBIT leads the charge while Bitcoin tests the market’s nerve.
