Bitcoin continues to maintain strong momentum, with its price trading well above $100,000. At the same time, U.S. Bitcoin ETFs are seeing robust activity, recording consecutive weeks of inflows exceeding $2 billion with $2.17 billion this week. This trend appears to be led by BlackRock’s IBIT fund, which has taken the lion’s share of the buying activity, marking a significant milestone for the Bitcoin ETF market.
On Friday, the combined inflows across the 11 Bitcoin ETFs reached $428.98 million , according to SoSoValue data. While Grayscale’s GBTC was the only fund to experience outflows of $105.76 million, the day saw seven funds adding to their holdings.
BlackRock’s IBIT fund led the way, bringing in $393.03 million, followed by Fidelity’s FBTC, which attracted $59.96 million. Other notable contributions came from Bitwise’s BITB with $33.21 million, ARK Invest’s ARKB with $28.41 million, VanEck’s HODL with $8.62 million, WisdomTree’s BTCW with $7.01 million, and Grayscale BTC with $4.51 million in inflows.
Interestingly, BlackRock’s IBIT fund now holds 2.72% of the total Bitcoin supply, solidifying its dominance in the ETF space.
At the time of writing, Bitcoin is trading at $101,730, reflecting a 1.58% increase over the past 24 hours, according to data from CoinMarketCap.