United States Spot Bitcoin exchange-traded funds (ETFs) have seen their biggest money influx in almost three months, indicating that more big investors are getting interested as Bitcoin prices are close to record highs.

Farside Investors reports that Bitcoin ETFs gained $1. 19 billion on Monday, which is the biggest amount added in one day since July 10, when they got $1. 18

BlackRock’s iShares Bitcoin Trust (IBIT) led the increase, making up over 81% of all new money with $970 million added in just one day. Fidelity’s Wise Origin Bitcoin Fund (FBTC) had $112. 3 million, and Bitwise’s BITB had $60.1 million.

BlackRock’s IBIT Heads to Record $6 Billion in Crypto ETF Investments

The growing interest in Bitcoin is happening at the same time that BlackRock’s IBIT has reached an important achievement. It has started earning more money than some of the older funds, making it the most profitable ETF for the company.

Bloomberg ETF expert Eric Balchunas said that IBIT is very close to reaching $100 billion in assets under management (AUM) just 21 months after it started.

The fund has $98. 47 billion and 1. 38 It charges a 0. 25% fee, which brings in about $244 million each year for the biggest asset manager in the world.

On Monday, the money coming in marked a great week for investments related to Bitcoin. Data from CoinShares showed that investment funds for digital assets around the world brought in $5. 95 billion last week, which is the highest amount ever recorded in one week.

Bitcoin made up $3. 55 billion of that total, while Ethereum reached $1. 48 Solana had $706. 5 million, and XRP had $219. 4

Bitcoin was trading close to its highest level ever, around $124,500 on Tuesday, after going above $126,000 for a short time earlier in the week. The recent jump happened when institutional traders bought a lot over the weekend, pushing Bitcoin above $125,000 for the first time since August.

October has usually been a good month for Bitcoin, and its value has already increased by more than 10% since the month began.

Data from SoSoValue says that as of October 6, the total amount of money that has come into the U. S is now added up. Bitcoin spot ETFs have reached $61. 26 billion, and the total assets they manage are now $169. 54 This makes up about 6. 8% of Bitcoin’s total market value.

At the same time, Ethereum spot ETFs have gained from the general recovery in the crypto market. As of October 6, they reported $181. 7 million in money coming in each day and a total of $14. 6 billion over time. Now, their total assets are $32 billion, which is about 5. 6% of Ethereum’s total market value.

Bitcoin is seeing a short-term drop in price after a big increase. Experts are looking at important price points to watch

On Tuesday, Bitcoin dropped by 4. 2% to about $122,000 after reaching a record high of $126,219 the day before. This came after a week where it went up by 12. 5% Although the recent drop has raised worries about a bigger decline, data from derivatives and money coming from big investors show that the overall upward trend is still strong.

Bitcoin futures that are traded monthly are still priced about 8% higher than current market prices. This shows consistent confidence in Bitcoin without indications of excessive speculation. Experts say this slowdown helps lower the chance of losing money if prices drop more.

The increase that started after Bitcoin tested $109,000 again in late September seems to be backed by real money coming in, with buyers protecting the $120,000 level.
Bitcoin Amount on Exchanges Source: Glassnode

Sharing data supports that idea. Glassnode says that the amount of Bitcoin held on trading platforms has fallen to its lowest point in five years, now at 2. 38 million BTC, down from 2. 99 million BTC last month. This shows that people are still buying and holding Bitcoin.

The company also sees strong support around $117,000, where about 190,000 BTC were last bought or sold.

The total amount of Bitcoin futures contracts is $72 billion, which is a little less than yesterday, but it still shows that there are many people involved in the market. At the same time, VanEck analysts believe that Bitcoin might take over half of gold’s total market value, which could make each Bitcoin worth $644,000.

Bitcoin is checking an important level of support close to its 200-day average price, which is about $122,900. Analyst Ted Pillow pointed out that the strength has decreased since it couldn’t stay above $125,000.

If the price drops below $122,900, it might go down to $121,000. But if it goes back up past $125,500, it could start rising again.

Short-term charts show that Bitcoin is trading in a range between a selling area at $123,000–$125,000 and a strong buying area around $112,000–$114,000. Several times the price has bounced back from the upper limit, indicating that it might be tired for now, but overall, the trend is still positive.

Source: TradingView

Market experts say that if Bitcoin’s price drops to $118,000, it would be a normal and healthy change within its overall rise. This could help reduce borrowed money in the market and get things ready for more growth.