As we approach the end of this shortened four-day trading week, Bitcoin ETFs in the United States have recorded another week of active inflows and outflows. BlackRock’s IBIT fund stood out by surpassing $1 billion in inflows for the week, as US Bitcoin ETFs continued their buying spree on Wednesday and Thursday.
On Wednesday, BlackRock’s IBIT was the only ETF that added to its Bitcoin holdings, purchasing $344.3 million worth of Bitcoin. Meanwhile, other funds saw outflows: Grayscale’s GBTC recorded $47.9 million exiting the fund, Bitwise’s BITB lost $34.7 million, and ARK Invest’s ARKB saw $13 million in outflows. The day’s total net inflows came to $248.7 million, thanks to BlackRock’s large purchase.
Thursday brought even more activity, with BlackRock’s IBIT adding $154.6 million to its holdings, pushing its weekly inflow total far beyond the $1 billion mark. Other funds also saw buying activity on Thursday: Bitwise’s BITB brought in $42.1 million, Invesco’s BTCO added $12.4 million, Grayscale’s BTC fund received $11.9 million, Fidelity’s FBTC gained $9.2 million, and ARK Invest’s ARKB grew by $8.4 million. Grayscale’s GBTC was the only fund to record outflows, with $49.9 million exiting the fund.
At the time of writing, Bitcoin is trading at $104,916, according to CoinMarketCap data, marking a 2% increase over the day. With such active inflows and market growth, Bitcoin ETFs continue to play a significant role in driving investment activity.
Keep following HowToBuyBitcoin.org as we track Bitcoin ETF inflows and outflows daily, helping you stay updated on these market trends.