Bitcoin ETFs End Week with $6M Net Inflows after $433M Friday Surge
US spot Bitcoin ETFs saw significant inflows towards the end of last week after suffering combined net losses earlier in the week. According to data from Farside Investors, $159.5 million flowed into the funds on Thursday and a further $433 million on Friday, reversing the trend seen on Tuesday and Wednesday when the funds suffered combined net losses of $746.3 million.
The weekly net inflows came to $6.1 million, with BlackRock's IBIT and Fidelity's FBTC accounting for most of the individual fund activity. Over the week, $120.6 million in net flows went into IBIT, while $79.9 million went into FBTC.
The prior week ended with $462.7 million exiting the ETFs after a week of outflows. Total cumulative inflows since launch now stand at $55 billion, up from a low of $50 billion in July but still below the peak of $63 billion.