The iShares exchange-traded funds (ETFs) by BlackRock (IBIT) recorded its highest daily inflow of $788 million on March 5, exceeding its previous all-time high inflow of $612.1 million from Feb. 28.

The Bitcoin ecosystem reached two landmark milestones — a new Bitcoin (BTC) all-time high of $69,324 and an influx of spot BTC ETF investments in the United States. Data from investment management company Farside showed a total inflow of $648.3 million on the day Bitcoin reached its ATH.

Total investments in spot Bitcoin ETFs in the United States. Source: Farside

Out of 10 approved ETFs, Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO) were the only two record net outflows on March 5, worth $332.5 million and $14.2 million, respectively.

The day’s net inflows were primarily fueled by IBIT, and supported by Fidelity Wise Origin Bitcoin Fund ($125.6 million), Bitwise Bitcoin ETF ($3.7 million), ARK 21Shares Bitcoin ETF ($63.7 million), Franklin Bitcoin ETF ($3.6 million), VanEck Bitcoin Trust ETF ($3.5 million) and WisdomTree Bitcoin ETF (6.6).

Valkyrie Bitcoin ETF, on the other hand, recorded $0 in inflows. In total, the Bitcoin ETF ecosystem has netted $8.5 billion in inflows to date, even after considering GBTC’s consistent outflows, which now cumulatively stands at $9.6 billion.

Historical data confirms that IBIT and Franklin Bitcoin ETF (FBTC) bring in the largest inflows to the ecosystem, in addition to never reporting net outflows. IBIT and FBTC contributed $9.16 billion and $5.3 billion in total as of March 5.

In contrast, Grayscale’s GBTC Bitcoin holdings have fallen 33%, from 620,000 BTC at the time its GBTC fund was converted into an ETF to about 420,680 BTC at the time of writing.

Related: SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals

Supported by heavy investments and an ongoing bull run, the trading volume of the U.S. spot BTC ETF recorded $10 billion in trading volume.

Daily volume chart of the 10 spot BTC funds from their first trading day on Jan. 11. Source: Eric Balchunas/X

“These are bananas numbers for ETFs under [two months] old,” Bloomberg ETF analyst Eric Balchunas said in a March 5 X post reporting the figures.

Magazine: Owner of seven-trait CryptoPunk Seedphrase partners with Sotheby’s: NFT Collector