BlackRock’s iShares Bitcoin Trust (IBIT) has surged to the forefront of spot Bitcoin ETF inflows, surpassing even S&P 500 ETFs. Last week witnessed a significant influx into all 11 original spot Bitcoin ETFs, demonstrating robust demand from institutional investors for Bitcoin. Notably, Blackrock’s IBIT led the charge with a remarkable $3.5 billion inflow in just one week, representing 10% of the total net ETF flows during that period. This impressive performance has even outstripped top S&P 500 ETFs like SPLG and VOO according to Bloomberg strategist Eric Balchunas. The trend was further cemented as all 11 original spot Bitcoin ETFs saw inflows last week, including GBTC. BlackRock’s IBIT recorded a noteworthy $899.47 million in net inflows on October 7th, marking the fourth-highest single-day inflow in its history. The ETF also displayed a surge in daily trading volume to $5.7 billion. With over 800,000 Bitcoin currently held by IBIT, and net assets under management nearing $100 billion, BlackRock is on track to become the fastest ETF to reach this milestone. While the Vanguard S&P 500 ETF (VOO) took a remarkable 2,011 days to reach this AUM landmark, IBIT is poised to accomplish it in just 435 trading days. Market analysts believe that spot Bitcoin ETFs closely follow Bitcoin’s price trajectory, which hit an all-time high of $126,000 earlier this week. This trend has prompted investors to anticipate further inflows as the price of Bitcoin continues its upward movement. Bitwise Chief Investment Officer Matt Hougan predicts US Bitcoin ETFs will surpass their $36 billion debut-year inflows by 2025. Currently, they have accumulated around $22.5 billion, a figure projected to increase to roughly $30 billion by year’s end. In the first four trading days of this quarter alone, we witnessed an astonishing $3.5 billion in net flows, bringing total YTD inflows to $25.9 billion. This leaves room for approximately another $10 billion before the end of the quarter, and Hougan is confident that these figures will exceed last year’s performance.