Spot Bitcoin ETFs End Outflow Streak with $85.8 Million Friday Inflow
Spot Bitcoin Exchange-Traded Funds (ETFs) recorded a total inflow of $85.8 million on Friday, effectively breaking a five-day period of net outflows. BlackRock's IBIT led the day with $57.7 million in new investments, followed by Fidelity's FBTC, which added $18.0 million. No individual fund reported a net outflow for the day, though ether funds continued their downward trend.
Spot Bitcoin Exchange-Traded Funds (ETFs) experienced a notable shift in market activity on Friday, marking an end to a recent period of net outflows. The sector collectively registered an $85.8 million inflow on the day, interrupting a five-day streak of negative flows.
BlackRock's IBIT played a significant role in this turnaround, attracting $57.7 million in new investments. Fidelity's FBTC also contributed positively, adding $18.0 million to its holdings during the same period.
Crucially, no single spot bitcoin ETF reported a net outflow on Friday. This positive momentum for bitcoin funds occurred as ether funds continued to see declines.
(Source: The Block Crypto)
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