On Friday, Bitcoin ETFs in the United States wrapped up a mixed week with a surprising burst of inflows, totaling $263.07 million across eleven funds. This inflow adds a positive note to what has been a fluctuating period for these funds.
Fidelity’s FBTC led the gains, pulling in $102.09 million, followed closely by ARKB, which saw inflows of $99.27 million. Other funds that recorded inflows included Bitwise’s BITB, bringing in $43.06 million, and Franklin & Templeton’s EZBC with $5.21 million. VanEck’s HODL fund added $5.08 million to its holdings, while Valkyrie’s BRRR fund saw a modest $1.70 million inflow.
A notable highlight was Grayscale’s GBTC, which recorded inflows of $6.66 million, marking its first positive day in 55 days. This inflow broke a long streak of inactivity for the fund and added some optimism among its investors.
However, not all funds saw action. Invesco’s BTCO, Grayscale’s BTC, and WisdomTree’s BTCW recorded no inflows or outflows for the day. Surprisingly, BlackRock’s IBIT, the largest Bitcoin ETF with roughly $21.39 billion in holdings, also saw no movement. This lack of activity for IBIT was unexpected, given its dominant position in the market.
At the time of writing, Bitcoin has managed to claw back to above $60,000. It is currently trading at $60,373 according to CoinMarketCap data, good for gains of 4.25% over the last 24 hours.