Bitcoin ETFs in the U.S. have reached a significant milestone, recording more than $1 billion in inflows for two consecutive days, marking a first since their launch in January 2024.
Billion-Dollar Inflows in Bitcoin ETFs
On Friday, 11 Bitcoin ETFs saw a total of $1.03 billion in inflows, following $1.17 billion the previous day. This reflects the growing institutional appetite for Bitcoin amid a strong price rally.
Institutional Demand Surpasses Bitcoin Supply
Matt Hougan, Chief Investment Officer at Bitwise Invest, noted that while the Bitcoin network produced approximately 450 Bitcoins on Thursday, spot Bitcoin ETFs purchased nearly 10,000 Bitcoins on the same day. This indicates that the demand for Bitcoin ETFs is significantly higher than the daily mined supply.
Cumulative Inflows in Bitcoin ETFs Hit Records
Total assets across all U.S. spot Bitcoin ETFs have now crossed $140 billion for the first time. This points to the strengthening role of Bitcoin ETFs in the financial markets and the increasing institutional interest in crypto assets.
Record inflows in Bitcoin ETFs highlight the growing role of crypto assets in financial markets. As institutional demand increases, Bitcoin continues to strengthen its position.
