Key Takeaways
- US spot Bitcoin ETFs saw $494 million in inflows on Friday.
- The total asset value of these ETFs has reached $61.21 billion, a two-month high.
- Ark's ARKB and Fidelity's FBTC led the inflows, with $203 million and $123 million respectively.
US spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily inflows since early June, with $494.27 million in new investments on Friday. This marks the highest single-day inflow in nearly four months and extends a seven-day streak of inflows, bringing the total assets held by these funds to $61.21 billion, a two-month peak.
Leading the inflows was Ark and 21Shares’ ARKB fund with $203.1 million, followed by Fidelity’s FBTC with $123.6 million and BlackRock’s IBIT fund with $110.8 million. Other notable inflows included Grayscale’s GBTC with $26.1 million and Bitwise’s BITB with $12.9 million.
The last time inflows approached this level was on June 4, when the funds saw $886.75 million in net intake. The surge comes amid rising Bitcoin prices and optimism following the U.S. Securities and Exchange Commission’s recent approval of BlackRock’s proposal to list options for its Bitcoin ETF.
