U.S.-based spot Bitcoin ETFs saw over $1 billion in inflows for the second day in a row on Friday, marking the first time since their January 2024 debut that they’ve posted back-to-back ten-digit inflows.
According to data from Farside, the 11 spot Bitcoin ETFs brought in a combined $1.03 billion on Friday, following $1.17 billion in inflows the previous day.
Bitcoin ETFs saw $2.72 billion in inflows during the all-time high (ATH) week
Nate Geraci, president of NovaDius Wealth Management, noted in a post on X that since their launch in January 2024, spot Bitcoin ETFs have recorded just seven days with inflows exceeding $1 billion—two of which occurred in the past two days. The last such instance before this streak was on January 17, with $1.07 billion in inflows.
The $1.17 billion inflow on Thursday marked the second-largest single-day inflow for spot Bitcoin ETFs since their launch, surpassed only by the $1.37 billion recorded on November 7, 2024—the day Donald Trump won the U.S. presidential election.
Matt Hougan, chief investment officer at Bitwise Invest, highlighted in a Friday post that while the Bitcoin network generated approximately 450 new Bitcoins on Thursday, spot ETFs purchased around 10,000.
Echoing this surge in demand, Jan3 noted that on Wednesday, ETF inflows were “22 times greater” than the daily mined supply of Bitcoin.
Jan3 CEO Samson Mow remarked, “This demand is not sustainable at these price levels.”
Spot Bitcoin ETFs had a robust trading week, raking in $2.72 billion in inflows over five consecutive days. Meanwhile, Bitcoin’s spot price surged to new all-time highs, hitting $112,000 on Wednesday and climbing further to $118,780 by Friday, according to data from CoinMarketCap.
BlackRock’s Bitcoin ETF Becomes the Fastest ETF to Surpass $80 Billion in Assets Under Management
The recent price rally pushed BlackRock’s spot Bitcoin ETF (IBIT) past $80 billion in assets under management (AUM) on Thursday. ETF analyst Eric Balchunas noted in a Friday post that IBIT reached the milestone in just 374 days, making it the fastest ETF to ever do so.
It was also recently reported that BlackRock now generates more annual revenue from IBIT than from its flagship iShares Core S&P 500 ETF.
Balchunas added that total assets across all spot Bitcoin ETFs surpassed $140 billion for the first time. However, he emphasized that the surge in Bitcoin’s price was “doing most of the heavy lifting.”
