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U.S. spot Bitcoin exchange-traded funds saw their fifth consecutive day of inflows on Dec. 4 as Bitcoin surged past $100,000 to a new all-time high, driven by optimism over a favorable regulatory outlook under President-elect Donald Trump.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data</a> from SoSoValue, U.S. spot Bitcoin ETFs recorded their fifth consecutive day of inflows on Wednesday, bringing the total net inflows over the streak to over $2 billion. On that day alone, 12 spot Bitcoin ETFs collectively garnered $556.82 million in investments.
<a href="https://crypto.news/tag/Blackrock/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>’s IBIT ETF emerged as the frontrunner, attracting $571.71 million in inflows on Dec. 4, marking its fourth consecutive day of dominance.
Following behind were Grayscale’s Bitcoin Mini Trust with $55.71 million, Fidelity’s FBTC with $17.27 million, and Bitwise’s BITB ETF, which drew $6.44 million in investor capital.
However, the bullish trend was not universal. Grayscale’s flagship GBTC ETF stood as the outlier, recording $94.31 million in outflows on the same day. Since its inception, the fund has experienced total net outflows of $20.64 billion.
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The momentum extended to trading activity, with total ETF trading volumes surging to $4.71 billion on Dec. 4, a significant leap from the $2.93 billion recorded the previous day.
Bitcoin, the world’s largest cryptocurrency, broke through the elusive $100,000 mark for the first time, reaching an all-time high of $103,679 on Dec. 5. The rally was buoyed by signals of support for the sector from President-elect Trump.
At press time, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) was trading at $103,192 per coin, up 7% on the day.
Since Trump’s election victory on Nov. 5, Bitcoin’s price has surged by approximately 45%, driven by a wave of buying interest pouring capital into U.S. Bitcoin-backed ETFs.
Trump has spurred expectations that his administration will foster a crypto-friendly regulatory environment, according to a <a href="https://crypto.news/bitcoin-hit-100000-for-the-first-time-in-the-history/" target="_blank" rel="noopener noreferrer nofollow">report</a> by crypto.news. On Dec. 4, he nominated Paul Atkins, a known crypto advocate, as the next chief of the U.S. Securities and Exchange Commission.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-rebound-and-head-to-100000-target-price-again/"> Bitcoin rebound and head to $100,000 target price again </a>

Bitcoin ETFs record fifth straight day of inflows as BTC surges past $100K to new ATH

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