🚀 $73,000,000 IN DAILY NET INFLOW for BITCOIN ETFs - BLACKROCK IN THE LEAD 🚀
Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced their fourth consecutive day of net inflows, with a significant $73.05 million added on Friday. Data from sosovalue.xyz highlights Blackrock’s IBIT as the frontrunner in this impressive streak.
📈 Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak
Friday was a notable day for the 11 spot Bitcoin ETFs, witnessing the best performance in the four-day series of gains. Blackrock’s IBIT led the charge, attracting $82 million in inflows, bringing its BTC reserves to a substantial 305,612.32 BTC. Ark Invest’s and 21shares’ fund, ARKB, followed with a $43 million intake, now holding 45,316 BTC.
Despite the gains in IBIT and ARKB, other ETFs like BITB, BTCO, HODL, BRRR, EZBC, BTCW, and DEFI remained unchanged in their holdings. Conversely, Grayscale’s Bitcoin Trust (GBTC) experienced a $27 million loss, and Fidelity’s FBTC shed $25 million. GBTC currently holds 275,757.58 BTC in reserves, while FBTC’s holdings stand at 167,900.05 BTC.
💼 Cumulative Inflows and Trade Volume
The cumulative total net inflow since January 11, 2024, has now reached an impressive $14.52 billion. Friday alone saw a trade volume of $1.31 billion, marking a significant improvement compared to the previous three days. Overall, the 11 spot Bitcoin ETFs have accumulated a total of $52.12 billion in BTC reserves to date.
🔍 This consistent inflow into spot Bitcoin ETFs indicates strong investor confidence and a growing interest in Bitcoin as a significant asset class.
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