On Friday, Bitcoin’s price slipped to $66,850, but that didn’t stop U.S. Bitcoin ETFs from bringing in close to half a billion dollars in Bitcoin for the day. According to data from SoSoValue, the total inflows across all 11 U.S. Bitcoin ETFs hit $402.08 million. BlackRock’s IBIT fund led the day’s inflows with an impressive $291.96 million, solidifying its dominant role. Just this week, IBIT has added a substantial amount in Bitcoin, reaching a total of $1.15 billion and offsetting negative flows from other funds.
There were no outflows on Friday, and five more funds added to their holdings. Fidelity’s FBTC pulled in $56.95 million, while Ark Invest’s ARKB followed with $33.37 million. VanEck’s HODL fund purchased $11.34 million, and Grayscale’s BTC and Bitwise’s BITB added $5.92 million and $2.55 million, respectively.
The remaining five funds — Grayscale’s GBTC, Invesco’s BTCO, Valkyrie’s BRRR, Franklin & Templeton’s EZBC, and WisdomTree’s BTCW — saw no inflows or outflows for the day.
For the entire week, the combined inflows reached an impressive $997.70 million, with BlackRock’s IBIT fund emerging as the clear leader in accumulating Bitcoin