Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack.
Blackrock’s IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow
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Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak
On Friday, the 11 spot bitcoin ETFs saw $73.05 million in net inflows, marking the best day in the four-day series of gains. Blackrock’s IBIT was at the forefront, pulling in $82 million during the day, bringing its BTC reserves to 305,612.32 BTC. Ark Invest’s and 21shares’ fund, ARKB, followed IBIT with an intake of $43 million.
ARKB now holds 45,316 BTC after Friday’s gains. All other competitors, including BITB, BTCO, HODL, BRRR, EZBC, BTCW, and DEFI, remained unchanged. Grayscale’s Bitcoin Trust (GBTC) saw a $27 million loss, while Fidelity’s FBTC shed $25 million. GBTC holds 275,757.58 BTC in reserves, and FBTC now holds 167,900.05 BTC.
Following the $73 million increase, the cumulative total net inflow since Jan. 11, 2024, stands at $14.52 billion. Friday saw $1.31 billion in trade volume, an improvement compared to the previous three days. To date, the 11 spot bitcoin ETFs have accumulated $52.12 billion in BTC reserves.
What do you think about the spot bitcoin ETF action on Friday? Share your thoughts and opinions about this subject in the comments section below.
