US spot Bitcoin ETFs recorded over $1 billion in inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they've seen two back-to-back days with ten-digit inflows . On Friday, the 11 spot Bitcoin ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, according to Farside data .
This strong performance pushed Bitcoin ETFs to accumulate $2.72 billion in inflows across the week . NovaDius Wealth Management president Nate Geraci said that since the January 2024 launch, there have been only seven inflow days exceeding $1 billion, two of which occurred in the past two days .
The $1.17 billion inflow on Thursday was their second-largest daily inflow since inception, behind only the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election . Bitwise Invest chief investment officer Matt Hougan said that while the Bitcoin network produced about 450 Bitcoins on Thursday, spot Bitcoin ETFs bought around 10,000 .
Similarly, Jan3 pointed out that on Wednesday, Bitcoin ETF demand was “22x greater” than the daily mined supply . Jan3 CEO Samson Mow said, “This demand is not sustainable at these price levels” .
It was a strong trading week for spot Bitcoin ETFs, with $2.72 billion in inflows over five days, as Bitcoin's spot price hit fresh all-time highs of $112,000 on Wednesday and continued climbing to reach $118,780 on Friday, according to CoinMarketCap data . The price surge led to BlackRock's spot Bitcoin ETF (IBIT) crossing $80 billion in assets under management (AUM) on Thursday .
Moreover, Bitcoin ETFs have accumulated $50.1 billion in total inflows since their launch . The funds have generated $14.9 billion in net year-to-date flows, with IBIT accounting for $15.8 billion of that total .