On Friday, Bitcoin made solid gains, rising by 7% to hit $63,280 during the the day. This price boost came with some interesting movement in the U.S. Bitcoin ETFs, where the funds recorded net inflows of $253.54 million. What’s noteworthy is that BlackRock, known for consistently adding to their Bitcoin ETF holdings, did not make any new purchases that day.
Out of the 11 Bitcoin ETFs, five saw inflows while only Grayscale’s GBTC fund experienced outflows, totaling $22.09 million. This action brought the total weekly inflows up to $308.76 million, with Friday’s contributions playing a big role in that boost.
Fidelity led the pack by adding $117.10 million to its FBTC fund, followed by ARK Invest’s ARKB, which saw inflows of $97.58 million. Bitwise’s BITB fund also did well, gaining $38.81 million, while VanEck’s HODL added $14.26 million. Invesco’s BTCO rounded out the list of inflows with $7.88 million.
On the flip side, several other funds remained quiet for the day. BlackRock’s IBIT, Grayscale’s BTC, Franklin & Templeton’s EZBC, Valkyrie’s BRRR, and WisdomTree’s BTCW funds did not record any inflows or outflows.
At the time of writing, Bitcoin is trading at $62,590, up 3.14% over the last 24 hours, according to CoinMarketCap, reflecting the market’s positive momentum.