Recent data shows that Bitcoin ETFs attracted a record $2.7 billion last week, while the price of Bitcoin also hit new heights.
Record Inflows for Bitcoin ETFs
On Thursday, Bitcoin ETFs gathered $1.17 billion, and on Friday – $1.03 billion. This marked only the second and third days in history with inflows exceeding $1 billion. Market observers have noted the increased interest, particularly as ETF demand exceeded newly mined Bitcoin supply by 22 times on Wednesday.
BlackRock's Success on the Market
BlackRock's spot Bitcoin ETF (IBIT) has become a standout player, surpassing $80 billion in assets under management in just 374 days. Analyst Eric Balchunas pointed out that BlackRock's fund is now generating more annual revenue than its flagship S&P 500 ETF.
Bitcoin: Price Growth and Predictions
Total assets across all U.S. spot Bitcoin ETFs now exceed $140 billion, reflecting both strong demand and Bitcoin’s price surge. However, some, like Jan3 CEO Samson Mow, warn that such demand may not be sustainable without a meaningful correction.
The Bitcoin ETF market is showing extraordinary growth, affirming strong investor interest. Future trends will depend on market conditions and potential corrections.
