- Bitcoin ETFs see six days of positive inflows, with a record $310M inflow on Friday.
- Despite a bearish crypto market, U.S. ETFs see an inflow of $1.05B this week.
- Strong performances driven by ETFs of BlackRock (IBIT) and Fidelity (FBTC).
The Bitcoin spot exchange-traded fund (ETF) market is experiencing a growth spurt, with a remarkable sixth consecutive trading day of positive inflows, culminating in the largest net inflow in five weeks.
According to market data, U.S. Bitcoin ETFs pulled in a net inflow of over $310 million on Friday, the highest figure in 25 trading days. Notably, the last time the market saw a larger inflow was on June 5, when the ETF witnessed a $488.1 million net inflow.
On Thursday, U.S. Bitcoin ETFs saw a modest net flow of $79 million, while the previous day’s figure was $147 million, in contrast to the $310 million recorded on Friday. Yesterday’s substantial inflow was driven by a rare occurrence: not a single issuer reported a negative flow for the day.
Even Grayscale’s ETF, historically plagued by outflows, bucked its trend with a notable $23 million positive flow. BlackRock’s IBIT led the pack, with a substantial influx…
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