US spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) saw robust inflows totaling $294.9 million on Monday, marking a second consecutive day of significant investments.

Blackrock’s Bitcoin Trust (IBIT) led with $187.21 million in inflows, contributing to its holdings of 310,470.32 BTC valued at $17.83 billion.

Other notable ETFs like Fidelity’s FBTC and Grayscale’s GBTC also attracted substantial investments, reflecting growing investor confidence in Bitcoin despite recent market fluctuations.

The overall trend underscores the competitive nature and rapid growth of the US spot Bitcoin ETF market in 2024.