Bitcoin ETFs Record Back-to-Back Billion-Dollar Inflows Amid Price Surge

Spot Bitcoin ETFs in the United States have marked a significant milestone, recording over $1 billion in inflows for the second consecutive day on Friday, a first since their launch in January 2024. According to data from Farside, the 11 spot Bitcoin ETFs saw a total of $1.03 billion in inflows on Friday, following $1.17 billion the previous day, reflecting a growing institutional appetite for Bitcoin amid a strong price rally. Nate Geraci, president of NovaDius Wealth Management, noted that billion-dollar inflow days have been rare since the ETFs launched, with only seven such days recorded so far—two of which occurred within the past two days. The previous high before this week was on Jan. 17, with $1.07 billion in inflows. Thursday’s $1.17 billion inflow marked the second-largest single-day influx since inception, surpassed only by the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election. Institutional Demand Outpaces Bitcoin Supply Matt Hougan, chief investment officer at Bitwise Invest, noted on Friday that while the Bitcoin network produced approximately 450 Bitcoins on Thursday, spot Bitcoin ETFs purchased nearly 10,000 Bitcoins on the same day. Similarly, Jan3 emphasized that on Wednesday, Bitcoin ETF demand was 22 times higher than the daily mined supply, indicating the intensity of institutional demand. “This demand is not sustainable at these price levels,” said Jan3 CEO Samson Mow, suggesting that the heightened demand could continue to pressure Bitcoin’s supply dynamics. The strong inflows came during a trading week that saw Bitcoin prices hit new all-time highs , reaching $112,000 on Wednesday and climbing further to $118,780 by Friday, according to CoinMarketCap data. The rising prices fueled investor interest, leading to $2.72 billion in inflows into Bitcoin ETFs over the week. Bitcoin ETFs Cumulative Inflows Hit Records The price rally also propelled BlackRock’s spot Bitcoin ETF (IBIT) to surpass $80 billion in assets under management (AUM) on Thursday, making it the fastest ETF to reach that milestone in just 374 days, according to ETF analyst Eric Balchunas. Notably, BlackRock’s IBIT fund now generates more annual revenue than its flagship S&P 500 ETF, iShares Core S&P 500 ETF, reflecting the shifting focus toward crypto among investors. Total assets across all US spot Bitcoin ETFs have now crossed $140 billion for the first time. While Balchunas noted that the recent price surge contributed significantly to these figures, the consistent inflows signal the strengthening role of Bitcoin ETFs in the financial markets as institutional interest in crypto assets continues to accelerate. The post Bitcoin ETFs Record Back-to-Back Billion-Dollar Inflows Amid Price Surge appeared first on TheCoinrise.com .

Source: The Coin Rise