On Thursday, Bitcoin ETFs had another strong performance, continuing a winning streak with $470.48 million in inflows. This marked three consecutive days this week without any outflows, reinforcing positive sentiment in the market. BlackRock’s IBIT fund led the way once again, adding $309 million worth of Bitcoin, maintaining its buying momentum from earlier in the week. This week alone, the 11 funds were able to bring in more than 1.85 billion BTC!
Other funds also contributed to the day’s inflows. Ark Invest’s ARKB added $100.20 million, while Grayscale’s GBTC brought in $45.70 million. Fidelity’s FBTC saw smaller but steady gains with $11.69 million, and Franklin & Templeton rounded out the day with $3.88 million in Bitcoin purchases.
Several funds, however, remained inactive, recording neither inflows nor outflows. These included Bitwise’s BITB, Invesco’s BTCO, VanEck’s HODL, Valkyrie’s BRRR, Grayscale’s BTC, and WisdomTree’s BTCW.
Bitcoin managed to hold above the $67,000 mark throughout the day, even briefly touching above $68,000. At the time of writing, the leading cryptocurrency remains steady, trading at $67,700, according to CoinMarketCap data.