On Friday, U.S. Bitcoin ETFs saw a massive surge in inflows, with 11 funds collectively bringing in an impressive $494.27 million, according to SoSoValue data. A strong finish to the week, with total inflows for the week surpassing $1.11 billion, demonstrating increased interest and confidence in Bitcoin from investors.
The boost in inflows coincided with Bitcoin breaking past the $66,000 level, briefly touching $66,600, which appeared to fuel investor enthusiasm. On Friday, eight funds recorded inflows, while none of the funds reported any outflows.
Ark Invest’s ARKB led the pack with $203.07 million in new investments. Fidelity’s FBTC followed with $123.61 million, and BlackRock’s IBIT saw inflows of $110.82 million. Grayscale’s GBTC fund brought in $26.15 million, while Bitwise’s BITB added $12.91 million. VanEck’s HODL gained $11.17 million, and Invesco’s BTCO and Valkyrie’s BRRR recorded smaller, yet positive, inflows of $3.28 million and $3.26 million, respectively. Grayscale’s BTC fund also contributed, adding $2.87 million.
Meanwhile, Grayscale’s BTC, Franklin Templeton’s EZBC, and WisdomTree’s BTCW didn’t record any inflows or outflows for the day, holding steady with their current Bitcoin positions.
As of now, the total net asset value of Bitcoin spot ETFs stands at $61.21 billion, with an ETF net asset ratio of 4.71%, reflecting the market value relative to the total Bitcoin market value. Historical cumulative net inflows have reached $18.80 billion, emphasizing the growing popularity and trust in Bitcoin ETFs among investors.
These substantial inflows on Friday show that investor sentiment around Bitcoin remains strong, especially when Bitcoin breaks key price levels. With the market rallying and Bitcoin ETFs seeing positive momentum, it looks like a promising sign for the future of Bitcoin.
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