Bitcoin ETF in America: Two consecutive days attracting over 1 billion dollars

The spot Bitcoin ETFs in America have recorded inflows exceeding $1 billion for two consecutive days as of Friday. This is the first time these ETFs have had two consecutive sessions with 10-digit inflows since their launch in January 2024.

Specifically, according to data from Farside, 11 Bitcoin ETFs have attracted a total of 1.03 billion dollars on Friday, after recording 1.17 billion dollars the day before.

ATH Peak Week: Bitcoin ETF attracts a net inflow of 2.72 billion dollars

The chairman of NovaDius Wealth Management, Nate Geraci, stated that since its launch in January 2024, the Bitcoin ETF has attracted over $1 billion in inflows in just 7 days, with the last two days occurring consecutively. Previously, the last time there was such significant inflow was on January 17, with $1.07 billion flowing in.

BTC price chart 4 hours | Source: TradingviewA cash flow of 1.17 billion dollars into Bitcoin ETFs last Thursday was the second highest since these funds launched, only behind the record of 1.37 billion dollars on November 7, 2024 – when Donald Trump won the U.S. presidential election.

Matt Hougan, Chief Investment Officer of Bitwise Invest, stated in a post on Friday that while the Bitcoin network mined only about 450 BTC on Thursday, spot Bitcoin ETFs had purchased around 10,000 BTC.

Similarly, Jan3 company also noted the demand from Bitcoin ETF (9.963 BTC) last Wednesday was "22 times" the amount of Bitcoin mined in a day (450 BTC).

Source: Jan3CEO Samson Mow of Jan3 commented:

"Current demand is not sustainable at this price level."

Last week was a strong trading week for spot Bitcoin ETFs, bringing in $2.72 billion in inflows in just 5 days, amidst the backdrop of Bitcoin prices continuously hitting new all-time highs, reaching $112,000 on Wednesday and continuing to climb to $118,780 on Friday, according to data from CoinMarketCap.

IBIT becomes the fastest fund to reach 80 billion dollars AUM in history

The strong price increase has helped BlackRock's spot Bitcoin ETF (IBIT) surpass the 80 billion dollar asset under management (AUM) milestone on Thursday. According to comments from ETF analyst Eric Balchunas, this is the fastest ETF to reach the 80 billion dollar mark in history, taking only 374 days to achieve this feat.

Source: Eric BalchunasAdditionally, there is recent information indicating that BlackRock is currently generating more revenue from the IBIT fund than from their flagship S&P 500 fund — iShares Core S&P 500 ETF — on an annualized basis.

Balchunas added:

"The total assets of all spot Bitcoin ETFs have now surpassed the $140 billion mark for the first time. However, much of this figure comes from the strong price increase of Bitcoin, rather than entirely from net capital inflows."

Minh Anh