Spot Bitcoin ETFs in the U.S. have extended their inflow streak to seven consecutive trading days, with Friday marking the largest single-day intake since early June. The total asset value of these funds has reached a two-month high of $61.21 billion, driven by significant investor interest.
On Friday, the funds recorded a total net inflow of $494.27 million, according to SoSoValue data. This remarkable inflow was led by:
The remaining four funds did not see significant inflows or outflows on that day.
The daily inflow of $494.27 million is significant, being the highest since June 4, when funds saw inflows of $886.75 million. The current total net asset value of $61.21 billion also marks the highest since July 29, when it was $61.73 billion.
The recent approval of BlackRock's proposal by the U.S. Securities and Exchange Commission to list and trade options for its spot Bitcoin ETF has sparked predictions of a potential surge in new filings. However, analysts are divided on the implications of increased "paper" Bitcoin on the demand for the underlying asset.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. The Block operates independently and is committed to delivering unbiased news and analysis regarding the cryptocurrency market.
