US Bitcoin ETFs record first back-to-back $1B inflows

Key Points

1. US spot Bitcoin ETFs saw $1.03 billion in inflows on Friday and $1.17 billion on Thursday, marking the first back-to-back days with over $1 billion inflows.

2. Total inflows for the week reached $2.72 billion as Bitcoin's price hit record highs of $112,000 on Wednesday and $118,780 on Friday.

3. BlackRock's spot Bitcoin ETF (IBIT) surpassed $80 billion in assets under management (AUM), becoming the fastest ETF to achieve this milestone.

4. Bitwise Invest noted that spot Bitcoin ETFs bought around 10,000 Bitcoins on Thursday, far exceeding the daily mined supply of 450 Bitcoins.

5. Total assets for all spot Bitcoin ETFs crossed $140 billion for the first time, driven largely by the recent price surge.