ETF Inflows Fuel $1.1B Bitcoin Surge as IBIT Dominates Demand

Bitcoin ETF inflows have seen their strongest weekly total since mid-April, reaching about $853.5 million across five positive sessions.

The funds recorded net additions during each of those trading days, with Wednesday leading at $244.4 million, followed by Tuesday at $211.5 million and Thursday adding $128.7 million.

BlackRock's IBIT accounted for more than 80% of Bitcoin fund inflows, drawing in $693.7 million, while Fidelity's FBTC attracted another $116.4 million, equal to roughly 13% of total inflows.

Ether ETF inflows also posted their best week since April, reaching about $244.9 million and extending their winning streak to five weeks.