Blackrock and Fidelity Lead Strong Inflows into US Bitcoin ETFs
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock’s IBIT and Fidelity’s FBTC led the day with $120.03 million and $115.14 million, respectively.
Spot Bitcoin ETF Inflows Surge
On Friday, U.S. spot bitcoin ETFs experienced a strong trading day with a total volume of $1.15 billion. According to sosovalue.xyz metrics, the funds collectively secured $310.21 million, with two ETFs capturing the majority of the inflows.
Dominant Performers
Blackrock’s IBIT secured $120.03 million on Friday, bringing its BTC reserves to 314,204.30 BTC. Fidelity’s FBTC was the second largest recipient, garnering $115.14 million. According to the company’s website, FBTC now holds 175,005.19 BTC.
Other Notable Inflows
Bitwise’s BITB obtained $28.42 million, while Grayscale’s GBTC received $23.01 million. ARKB saw $13.02 million, Vaneck’s HODL recorded $6.56 million, and BTCO gained $4.03 million during Friday’s trading sessions. BRRR, EZBC, BTCW, and DEFI experienced neither gains nor losses.
Spot Bitcoin Market Impact
With six consecutive days of inflows, the cumulative total net inflow is approaching $16 billion, currently at $15.81 billion. The 11 ETFs hold a combined value of $51.34 billion, representing 4.52% of the total BTC market cap. Read about the Bitcoin The ETF Rebound Here.
