In a remarkable display of investor enthusiasm, spot Bitcoin ETFs have achieved unprecedented success, with inflows exceeding $1 billion in a single day on March 12. BlackRock's iShares Bitcoin Trust (IBIT) took the lead, attracting nearly $850 million in capital, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $215.5 million in inflows. This surge reflects a significant shift in investment trends toward digital assets, particularly Bitcoin.

The collective assets under management (AUM) of the 10 spot Bitcoin ETFs have now surpassed $60 billion, with IBIT amassing over $11 billion in inflows since its launch on January 11, 2024.

This growth is a testament to the broadening appeal of Bitcoin ETFs among investors seeking exposure to the cryptocurrency market through regulated financial products. As Bitcoin continues its unstoppable rally, having surpassed the $73,000 mark, many remain bullish on its future, forecasting it to breach the $100,000 mark before year-end.

IBIT set a new benchmark in the ETF industry by reaching $10 billion in assets under management (AUM) on March 1, just seven weeks after its launch. This milestone not only underscores the growing investor confidence in digital assets but also marks a significant moment in the maturation of the cryptocurrency market as a legitimate and viable investment sector.

The achievement surpasses the record previously held by SPDR Gold Shares GLD, which took over two years after its 2004 launch to reach the $10 billion AUM mark.