Amid rising Bitcoin prices, the US once again sees record inflows into Bitcoin ETFs. More than $2 billion was raised in two days, signifying outstanding achievements in the sector.
Record Day for Bitcoin ETFs
On Friday, Bitcoin ETFs in the US recorded inflows totaling $1.03 billion, following $1.17 billion the previous day, marking the first time since the January 2024 launch that two consecutive days saw such significant inflows.
Sustainability of Demand for Bitcoin ETFs
According to Nate Geraci, president of NovaDius Wealth Management, there have only been seven days since the launch with inflows exceeding $1 billion, two of which were in the past two days. Geraci also noted that the demand for Bitcoin was 22 times higher than the daily mined supply during this period.
BlackRock's Current Achievements in Asset Management
With rising Bitcoin prices, BlackRock’s Spot Bitcoin ETF reached $80 billion in assets under management in a record time. ETF analyst Eric Balchunas noted that this is the fastest ETF in history to achieve this mark in just 374 days.
The Bitcoin ETF market is demonstrating significant growth, reaching unprecedented inflow volumes. However, experts caution that such high demand may not be sustainable at current price levels.
