On Friday, US Bitcoin ETFs closed the week on a positive note, despite what had been a mixed and uncertain few days. The 11 listed ETFs collectively recorded outflows of $25.59 million for the day, but several funds saw notable inflows, making the day a bit brighter for the sector.
According to data from SoSoValue, four funds managed to bring in new investments, while one recorded outflows. Bitwise’s BITB led the way, adding $15.29 million worth of Bitcoin to its holdings. Fidelity’s FBTC wasn’t far behind, with an inflow of $13.63 million. The ARKB fund from Ark Invest and VanEck’s HODL fund both increased their Bitcoin reserves by $5.29 million each.
On the other side, Grayscale’s GBTC was the only fund to record a net outflow, losing $13.91 million in Bitcoin for the day.
The remaining ETFs, including BlackRock’s IBIT, Grayscale’s BCT, Franklin & Templeton’s EZBC, Valkyrie’s BRRR, Invesco’s BTCO, and WisdomTree’s BTCQ, did not experience any inflows or outflows.