For the second day in a row, the US spot Bitcoin ETF saw daily inflows exceeding $1 billion, marking a notable milestone since its launch in January 2024. On Friday, 11 spot Bitcoin ETF products attracted a total of $1.03 billion, following an inflow of $1.17 billion the day before, as reported by Far Side Data.
$2.72 billion inflows during ATH Week
Nate Geraci, President of Novadius Wealth Management, mentioned in a post that, since the ETF’s debut, only seven days have seen inflows surpassing $1 billion, with two happening in just the last two days. Before this, the last occurrence was on January 17, which saw inflows of $1.07 billion.
The $1.17 billion influx on Thursday was the second-largest daily total since the ETF’s inception, coming in just behind the $1.37 billion recorded on November 7, 2024, the day Donald Trump won the US presidential election. Meanwhile, Bitwise Invest’s Matt Hougan highlighted that around 450 Bitcoin were produced on Thursday, with the Spot Bitcoin ETF acquiring roughly 10,000.
On a related note, Jan3 pointed out that the demand for Bitcoin ETFs on Wednesday was “22 times larger” than the daily mined supply. Jan3 CEO Samson Mow suggested that this level of demand is likely not sustainable given the current price levels.
This has been a remarkable week for the Spot Bitcoin ETF, bringing in a total of $2.72 billion over just five days. Bitcoin prices reached a new high of $112,000 on Wednesday, climbing to $118,780 by Friday, according to data from CoinMarketCap.
BlackRock’s Bitcoin ETF achieves a milestone
In light of the price surge, BlackRock’s spot Bitcoin ETF (IBIT) crossed $80 billion in managed assets (AUM) on Thursday. ETF analyst Eric Balchunas noted that it became the “fastest ETF” to reach this figure in just 374 days.
Interestingly, it seems BlackRock is generating more revenue from IBIT than its flagship S&P 500 fund, the Ishares Core S&P 500 ETF. Balchunas also indicated that the total AUM for all spot Bitcoin ETFs surpassed $140 billion for the first time, although he cautioned that the recent price surge has likely played a significant role in this leap.
