U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have notched an unprecedented milestone, pulling in over $1 billion in daily inflows for two consecutive days. According to Farside data, the 11 approved spot Bitcoin ETFs collectively recorded $1.03 billion in inflows on Friday, following Thursday’s $1.17 billion haul—their second-largest daily inflow since inception in January 2024.
This marks the first time since their launch that the ETF products have experienced back-to-back days with 10-digit inflows, signaling renewed institutional and retail interest in the crypto asset class.
Bitcoin ETF Inflows Surge as Market Momentum Builds
The surge in capital is not only notable in volume but also in historical context. Nate Geraci, president of NovaDius Wealth Management, noted on X that prior to this week, only seven days had seen over $1 billion in inflows since the ETFs debuted. Two of those days just occurred back-to-back, a momentum not seen since Jan. 17, 2024, when inflows totaled $1.07 billion.
Thursday’s $1.17 billion figure ranks just behind the record $1.37 billion set on Nov. 7, 2024—the day Donald Trump won the U.S. presidential election, a politically charged event that fueled bullish market sentiment.
Bitcoin Supply Outpaced by ETF Demand
Demand for Bitcoin via ETFs has far outpaced daily mining supply. On Thursday alone, while the Bitcoin network produced approximately 450 BTC, spot ETFs collectively purchased around 10,000, according to Bitwise CIO Matt Hougan. Similarly, infrastructure firm Jan3 highlighted that ETF demand was 22 times greater than the daily mined supply just a day earlier.
The broader trend across the week painted a bullish picture. Spot Bitcoin ETFs drew $2.72 billion in inflows over five trading days. Meanwhile, Bitcoin’s spot price hit fresh all-time highs, breaking $112,000 on Wednesday and continuing upward to $118,780 by Friday, per CoinMarketCap data.
BlackRock’s IBIT Smashes Records
Among the ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) stood out. The fund crossed the $80 billion mark in assets under management on Thursday, becoming the fastest ETF in history to reach that level in just 374 days, according to ETF analyst Eric Balchunas.
Balchunas also revealed that IBIT is now generating more annual revenue than BlackRock’s flagship equity fund, the iShares Core S&P 500 ETF.
Related: BlackRock’s Spot Bitcoin ETF Surpasses 700,000 BTC, Hits $75.5 Billion in AUM
As Bitcoin prices soared, so did the overall value locked in spot Bitcoin ETFs. For the first time, the combined assets of all spot Bitcoin ETFs surpassed $140 billion. While much of that growth can be attributed to price appreciation, the continued inflows underscore a strengthening investor appetite for crypto exposure via regulated financial instruments.
