Bitcoin ETF Inflows Skyrocket, BTC Hits $118,780
Bitcoin ETFs – In a historic first since their launch in January 2024, U.S.-based spot Bitcoin ETFs have seen two consecutive days of over $1 billion in inflows. According to data from Farside, Friday alone recorded $1.03 billion, following Thursday’s $1.17 billion — marking a powerful momentum shift for crypto investment products.
This rare back-to-back billion-dollar streak adds to a $2.72 billion total inflow for the week, making it one of the most explosive weeks for spot Bitcoin ETFs since inception.
Bitcoin ETF Demand Outpaces Supply
Matt Hougan, CIO of Bitwise Invest, emphasized the supply squeeze on Friday, revealing that while only 450 Bitcoins were mined on Thursday, ETFs snapped up approximately 10,000 BTC. Similarly, Jan3 noted on Wednesday that ETF demand was 22 times greater than daily mined BTC, prompting CEO Samson Mow to comment: “This demand is not sustainable at these price levels.”
Despite sustainability concerns, investor enthusiasm remains sky-high as Bitcoin’s price hit $112,000 on Wednesday and surged to $118,780 by Friday, according to CoinMarketCap.
BlackRock’s IBIT Makes ETF History
The rally also helped BlackRock’s spot Bitcoin ETF (IBIT) become the fastest ETF to surpass $80 billion in AUM, achieving the milestone in just 374 days. ETF analyst Eric Balchunas highlighted that IBIT is now more profitable for BlackRock than its iShares Core S&P 500 ETF, based on annual revenue.
Balchunas added that the combined assets of all U.S. spot Bitcoin ETFs crossed $140 billion for the first time — largely driven by the dramatic surge in Bitcoin’s market price.
All eyes are now on whether this trend will continue as institutional interest keeps rising.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
