U.S. spot bitcoin ETFs recorded $591.3 million in net inflows on Monday, marking their seventh consecutive day of positive flows as Bitcoin BTC/USD continues trading above $95,000.
What Happened: BlackRock‘s BItcoin ETF IBIT dominated the inflow activity, attracting $970.9 million in new investments while several competitors experienced outflows, according to data from SoSoValue.
Ark and 21Shares‘ ARKB saw $226.3 million in outflows, while Fidelity‘s FBTC recorded $86.9 million leaving the fund.
Despite these mixed results across individual funds, the overall ETF market has shown remarkable strength in recent weeks.
Last week saw $3 billion in total inflows, the highest weekly figure since November 2024, pushing cumulative net inflows to $39.02 billion—the highest level since Feb. 24.
The continued ETF demand comes as Bitcoin trades sideways at $95,130 after briefly surpassing $95,000 earlier on Monday.
Total trading volume across the 12 ETFs reached $2.4 billion, down from $3.3 billion on Friday.
Meanwhile, spot Ethereum ETH/USD ETFs extended their own positive streak to three days, with $64.1 million in net inflows.
Read Also: Watch This Bitcoin Indicator To Know If A Run To $100,000 Is Coming
Why It Matters: The strong institutional demand for Bitcoin through ETFs coincides with significant developments at the state government level.
On Monday, the Arizona House of Representatives approved two bills that could establish the nation’s first state-level Bitcoin reserve.
Senate Bill 1025, known as the Arizona Strategic Bitcoin Reserve Act, passed with 31 votes in favor and 25 against, proposing to allocate up to 10% of the state treasury and retirement system funds to digital currencies, particularly Bitcoin.
A companion bill, SB1373, which would establish a state-level digital assets reserve, passed with broader support of 37-19. Both bills now head to Arizona Governor Katie Hobbs‘ desk for approval.
Arizona’s legislative push follows President Donald Trump‘s establishment of a federal Bitcoin reserve earlier this year, which will be funded through cryptocurrency recovered from criminal or civil asset forfeiture and “budget-neutral strategies.”
If Governor Hobbs signs the legislation, Arizona would become the first state to formally establish a cryptocurrency reserve, potentially setting a precedent for other states considering similar measures amid growing institutional adoption of digital assets.
Read Next:
- XRP Is The Top Altcoin Bet: 10x Research
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