On Friday, Bitcoin ETFs had a solid day, pulling in total inflows of $36.01 million, bringing the week’s net gains to $32.57 million, according to SoSoValue data. The week’s standout performers were BlackRock’s IBIT and Fidelity, which saw substantial net inflows of $71.06 million and $82.11 million, respectively. Notably, IBIT managed to avoid any outflows throughout the entire week, while Fidelity only experienced some outflows on Wednesday.
On Friday alone, BlackRock’s IBIT fund attracted $20.39 million in inflows. Fidelity’s FBTC followed closely with $61.35 million coming in. ARKB and Bitwise also posted positive numbers, with $13.42 million and $12.04 million in inflows, respectively. Franklin Templeton’s EZBC fund saw a smaller, but still positive, inflow of $1.73 million.
On the other hand, Grayscale’s GBTC fund had a rough day, suffering $72.90 million in outflows. Several other funds, including Grayscale’s BTC fund, VanEck, Valkyrie, Invesco, and WisdomTree, didn’t record any inflows for the day.
After dropping to under $57,000 on Thursday, Bitcoin has made up some of its losses and is trading at $59,238 at the time of writing per CoinMarketCap data, good for gains of 1.86% in the last 24 hour period.
Keep following us at HowToBuyBitcoin.org for the latest counts on Bitcoin ETF inflows, as well as the latest news on Bitcoin.