Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
On Friday, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a surge in inflows, with net purchases reaching $263 million.
This marks the largest single-day inflow since July 22, driven by renewed interest as Bitcoin climbed above $60,000, a 12% increase over the past week.
Leading the pack was Fidelity’s Bitcoin ETF (FBTC), which attracted around $102 million in fresh capital, bringing its total weekly inflows to $218 million.
The strong recovery followed two consecutive weeks of negative performance, during which $467 million flowed out of the fund.
ARK Invest and 21Shares’ Bitcoin ETF (ARKB) followed closely behind, ending the day with approximately $99 million in net inflows.
Other Bitcoin ETFs managed by companies such as Bitwise, Franklin Templeton, Valkyrie, VanEck, and Grayscale also recorded positive inflows, reflecting a broad trend of renewed interest in the U.S. spot Bitcoin ETF market.
However, not all funds saw the same level of success.
BlackRock’s iShares Bitcoin Trust (IBIT) and WisdomTree’s Bitcoin Fund (BTCW) reported zero inflows on Friday.
IBIT, in particular, has struggled in recent weeks, experiencing no inflows for several trading days and even seeing net outflows on two occasions, August 29 and September 9.
Since its inception, IBIT has recorded only three days of net outflows, a relatively rare occurrence among Bitcoin ETFs.
Despite the mixed performance across different funds, U.S. spot Bitcoin ETFs closed the week with over $400 million in net inflows, a testament to the overall bullish sentiment
Read more on cryptonews.com