The US-based Bitcoin ETFs saw their daily inflows surpass $1 billion for the second day in a row on Friday. This is the first time they have seen back-to-back ten-digit days since the launch of the ETFs in January 2024.
Bitcoin 11 Spot (BTCETF Products recorded a total of 1,03 billion dollars in inflows, following an inflow of $1,17 billion 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 An X message stated that, since January 20, 2024, only 7 days have seen inflows of more than $1 billion. 2 of those days were in the past couple days. The last time was Jan. 17 with $1.07billion.
Their $1.17-billion inflow was on Thursday. second-largest daily inflow since inceptionOnly $1,37 billion was recorded in 2024 when Donald Trump became the US president.
Matt Hougan, chief investment officer of Bitwise Invest said A Friday blog post stated that the Bitcoin network had produced around 450 Bitcoins, but spot Bitcoin exchange-traded funds (ETFs) bought about 10,000.
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.”
The spot Bitcoin ETFs had a good trading week, with 2.72 billion dollars in flows over five days. Bitcoin reached new all-time records of $112,000 in the spot market on Wednesday, and then continued to climb, reaching $118.780 in the spot market on Friday. according CoinMarketCap provides data on the market.
BlackRock Bitcoin ETF is the fastest ETF in history to reach $80 billion AUM
BlackRock’s Bitcoin ETF (IBIT), which is a spot Bitcoin ETF, reached $80 billion assets under management on Thursday. ETF Analyst Eric Balchunas said On Friday, I posted that it was 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.” However, he claimed that the rise in prices did not happen. “most of the heavy lifting here.”
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Source: cointelegraph.com
