Total net inflows into spot Bitcoin ETFs exceeded $30 billion, while the Bitcoin price reached $99,300.
Spot Bitcoin ETFs reached a new record with a total net inflow of $30 billion, while the Bitcoin price rose to $99,300, approaching the $100,000 target. The increasing inflows, contributed by major funds such as BlackRock and Fidelity, reinforce the positive sentiment and institutional interest in the market.
US-based spot Bitcoin ETFs, which launched in January, have reached a major milestone by pushing their total net asset value above $100 billion. According to SoSoValue data, 12 Bitcoin ETFs saw net inflows of $1 billion on Thursday, bringing total inflows to $30.35 billion. BlackRock’s IBIT contributed the most with $608.41 million, while Fidelity’s FBTC saw $300.95 million and Bitwise’s fund saw $68 million in inflows.
Grayscale’s GBTC fund was the only negative performer with net outflows of $7.8 million. The other four ETFs saw no inflows for the day.
Bitcoin continued its upward momentum, reaching new all-time highs at $99,300 and moving a step closer to the $100,000 target. This rally is said to be supported by the positive market sentiment following the re-election of former President Donald Trump and increasing ETF trading volumes.
Meanwhile, US-based Ethereum ETFs recorded net outflows of $9.05 million on Thursday, extending a six-day streak of negative flows.
Stay tuned.
