Friday saw Bitcoin ETFs in the United States close the week with moderate inflows, with the exception of one ETF, capping off a strong performance earlier in the week. While not as bullish as the past three days, which collectively brought in over $2 billion, Friday still managed a total inflow of $490.35 million of 11 funds combined. This brought the week’s total to $3.38 billion in net inflows.
BlackRock’s IBIT fund led the way on Friday, recording inflows of $513.20 million. Its performance pushed the day into positive territory, offsetting marginal performance from the other funds.
Other ETFs also saw smaller inflows:
- Bitwise’s BITB: $68.00 million
- Fidelity’s FBTC: $21.71 million
- Ark Invest’s ARKB: $17.18 million
- Valkyrie’s BRRR: $6.19 million
- Grayscale’s BTC: $5.72 million
- VanEck’s HODL: $5.62 million
- Invesco’s BTCO: $4.96 million
On the flip side, Grayscale’s GBTC fund recorded outflows of $67.05 million, marking the largest outflow for the day.
Several funds, including Franklin & Templeton’s EZBC, WisdomTree’s BTCW, Bitwise’s BITB, and Ark Invest’s ARKB, reported no inflows or outflows on Friday.
Bitcoin Hovers Below $100K
Bitcoin itself remained relatively stable, trading at $98,556 at the time of writing. The price has hovered near the $99,000 level for the past 24 hours as traders watch for a potential breakthrough to the long-awaited $100,000 milestone.
Strong Week for Bitcoin ETFs
This week’s $3.38 billion inflows signal growing institutional interest, particularly following recent market optimism. The strong performance earlier in the week sets a positive tone as Bitcoin nears a critical price milestone.