$BTC

US Bitcoin ETFs recorded consecutive inflows of $1 billion for the first time

US-based spot Bitcoin ETFs recorded inflows of over $1 billion for two consecutive days for the first time in history, as Bitcoin reached new all-time highs this week.

US-based spot Bitcoin ETFs recorded over $1 billion in daily inflows for the second consecutive day on Friday, marking the first time since their launch in January 2024 that they have recorded two consecutive days of ten-digit inflows.

On Friday, the 11 spot Bitcoin ETF products recorded total inflows of $1.03 billion, following $1.17 billion the previous day, according to data from Farside.

$2.72 billion flowed into Bitcoin ETFs during the week of all-time highs

Nate Geraci, president of NovaDius Wealth Management, stated in a post on X that, since their launch in January 2024, there have only been seven days with inflows exceeding $1 billion, two of which occurred in the last two days. Prior to that, the last was on January 17, with $1.07 billion.

The $1.17 billion inflow on Thursday was the second largest daily inflow since their inception, only behind the $1.37 billion recorded on November 7, 2024, when Donald Trump won the US presidential election.

Bitwise Invest's Chief Investment Officer, Matt Hougan, mentioned in a post on Friday that while the Bitcoin network produced around 450 Bitcoins on Thursday, spot Bitcoin ETFs purchased around 10,000.

Similarly, Jan3 noted that on Wednesday, the demand for Bitcoin ETFs was '22 times greater' than the daily mined supply.