At HowToBuyBitcoin.org, we keep a close eye on the Bitcoin ETF market daily to track significant movements. This past week, the activity in U.S. Bitcoin ETFs surged, especially with BlackRock leading the way. On Thursday, BlackRock set a record by adding a record-breaking $1.18 billion in Bitcoin to its iShares Bitcoin Trust (IBIT). On Friday, the firm continued its buying spree, acquiring an additional $206.13 million in Bitcoin, pushing the total U.S. Bitcoin ETF inflows for that day to $293.47 million and the week’s total to an impressive $1.63 billion. This recent trend underscores a noticeable rise in investor interest.
Several other U.S. Bitcoin ETFs joined the action on Friday. Fidelity’s FBTC fund saw an inflow of $33.52 million, while Bitwise’s BITB fund increased its holdings by $23 million. VanEck’s HODL fund contributed with an inflow of $13.03 million, and Franklin & Templeton’s EZBC fund recorded an addition of $17.80 million. These additions suggest a growing institutional confidence in Bitcoin, with traditional financial giants steadily building their positions in the digital asset market.
On the other hand, some funds did not record any inflows or outflows for the day, including Grayscale’s GBTC and BTC funds, Ark Invest’s ARKB, Valkyrie’s BRRR, Invesco’s BTCO, and WisdomTree’s BTCW.
At the time of writing, Bitcoin is moving hands at $76,400, just slightly below its new all-time high of $77,208, as per CoinMarketCap data. This blend of substantial inflows and record-setting price activity indicates a potential shift in market dynamics, possibly marking a new phase of institutional involvement in Bitcoin.