Key Points
- US-based spot Bitcoin ETFs have reached a two-month high in total assets held, with $61.21 billion worth of bitcoin across twelve funds.
- Friday marked the largest single-day inflow for these ETFs since early June, with a total net inflow of $494.27 million.
Record-Breaking Inflows
US-based spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, extending their inflow streak to seven consecutive trading days. Friday’s inflows were particularly noteworthy, marking the largest single-day intake since early June – a nearly four-month high.
Per SoSoValue, the funds saw a daily total net inflow of $494.27 million on Friday, according to SoSoValue data. This impressive figure was led by Ark and 21Shares’ ARKB fund, which recorded an inflow of $203.1 million. Fidelity’s FBTC and BlackRock’s IBIT followed closely, with inflows of $123.6 million and $110.8 million, respectively.
Other funds also contributed to the positive trend:
- Grayscale’s GBTC: $26.1 million
- Bitwise’s BITB: $12.9 million
- VanEck’s HODL: $11.1 million
- Invesco’s BTCO: $3.3 million
- Valkyrie’s BRRR: approximately $3.3 million
The remaining four funds saw no significant inflows or outflows.
Two-Month High in Total Asset Value
Following this streak of inflows and bolstered by the rising price of Bitcoin, the total assets held by US-based spot Bitcoin ETFs have reached a two-month high. The twelve funds currently available for trading now hold a combined $61.21 billion worth of bitcoin.
This total net asset value is the highest recorded since July 29, when it stood at $61.73 billion, according to SoSoValue data. The current figure represents a significant recovery and growth in the Bitcoin ETF market.
Historical Context
The daily total inflow of $494.27 million on Friday was the highest single-day intake for these funds since June 4, when they saw an even more substantial inflow of $886.75 million. This recent surge in inflows demonstrates renewed investor interest and confidence in Bitcoin ETFs as a vehicle for cryptocurrency exposure.
As the market continues to evolve, these ETFs are proving to be an increasingly popular option for both institutional and retail investors looking to gain exposure to Bitcoin through traditional financial instruments.
