On Friday, Bitcoin ETFs in the U.S. ended the week with strong inflows, adding $517.67 million collectively. This performance underscores the bullish sentiment in the market as investors continue to allocate funds into Bitcoin-focused investment products.
For the week, Bitcoin ETFs have recorded steady inflows, maintaining a positive trend. Friday’s largest contributors were Fidelity’s FBTC, Ark Invest’s ARKB, and BlackRock’s IBIT, bringing in $186.07 million, $168.71 million, and $155.69 million, respectively. Grayscale’s BTC fund and WisdomTree’s BTCW also saw inflows, adding $13.01 million and $2.79 million to their totals.
On the downside, Bitwise’s BITB was the only fund to experience outflows on Friday, with $8.60 million exiting.
For the entire week, the ETFs were able to bring in a staggering $1.76 billion for a second consecutive week above $1 billion.
At the time of writing, Bitcoin is trading at $104,830, according to data from CoinMarketCap. The steady inflows into ETFs, combined with Bitcoin’s price performance, reflect the growing confidence in Bitcoin as an investment asset.