The US-based Bitcoin ETFs saw their second day of consecutive inflows surpassing $1 billion. This is the first time they have seen back-to-back ten-digit days since the launch in January 2024.
The 11-spot Bitcoin was traded on Friday.BTCETF Products recorded total inflows $1.03 Billion, after $1.17 Billion inflows on the previous day. according Farside Data.
Over the ATH Week, $2.72 billion was invested in Bitcoin ETFs
NovaDius Wealth Management president Nate Geraci said In an X-post, it was stated that there were only seven days since January 2024 when the inflows exceeded $1 billion. Two of these days occurred within the last two days. Prior to that, there was only one other day with $1.07 Billion on January 17.
On Thursday, $1.17 billion was the total inflow. second-largest daily inflow since inceptionThe only other figure that comes close is the 1,37 billion dollars recorded when Donald Trump was elected US President in November 2024.
Matt Hougan is the chief investment officer at Bitwise Invest said In a post on Friday, it was stated that spot Bitcoin ETFs purchased around 10,000 Bitcoins while the Bitcoin Network produced approximately 450 Bitcoins Thursday.
Similarly, Jan3 pointed On Wednesday, Bitcoin ETF Demand was “22x greater” The daily supply of mined ore is greater than this.
Samson Mow is the CEO of Jan3 said, “This demand is not sustainable at these price levels.”
Bitcoin spot prices reached new highs on Wednesday of 112,000 and continued their climb to $118,780 by Friday. according CoinMarketCap Data
BlackRock Bitcoin ETF became fastest ETF ever to surpass $80 Billion in AUM
BlackRock’s Bitcoin ETF IBIT (IBIT) reached 80 billion dollars in assets managed (AUM), Thursday, as a result of the price increase. ETF analyst Eric Balchunas said In a Friday post, it said that the “fastest ETF” You can do it in just 374 Days.
Related: Despite record high, S&P 500 is down in Bitcoin terms
BlackRock is now a publicly traded company, as reported recently. earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF, on an annual basis.
Balchunas added, “Total assets for all the spot Bitcoin ETFs crossed $140b for the first time as well.” He said, however, that the price increase did not occur. “most of the heavy lifting here.”
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Source: cointelegraph.com
