Bitcoin ETF Posts Sixth Straight Day of Net Inflows of More Than $300 Million, Hitting Record Highs

Net inflows into bitcoin ETFs totaled their best level since June 5 on Friday, increasing by $300 million, according to SoSoValue. Inflows came primarily from BlackRock's IBIT, the largest spot bitcoin ETF by asset value, which added $120 million in inflows on Friday. Fidelity's FBTC followed with $115 million in inflows, while most of the rest went to Grayscale's GBTC, Bitwise's BITB and Ark Invest's ARKB funds, according to SoSoValue. Cumulative net inflows totaled $15.81 billion, the fund's highest to date and slightly ahead of the June 7, 2024 record of $15.69 billion.