On Friday, US-based Bitcoin ETFs registered inflows of over $1 billion for a second straight day. It was the first two-day stretch since they were launched in January 2024 that the ETFs had ten-digit daily inflows.
Bitcoin 11 Spot (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 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 Bitcoin ETFs were in high demand on Wednesday “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 provides data on the market.
BlackRock Bitcoin ETF is the fastest ETF in history to reach $80 billion AUM
BlackRock’s Bitcoin ETF IBIT (IBIT), a BlackRock-sponsored ETF that tracks spot bitcoin, has now reached 80 billion dollars in assets managed (AUM). 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
