Bitcoin spot ETFs had $1.2 billion of net inflows on Thursday, beating the prior week’s total inflows the same day Bitcoin set a new all-time high of $118,781, according to data site Velo.
Thursday’s $1.2 billion marked the second highest single-day inflow since the launch of the Bitcoin ETFs in January 2024. The record for largest single-day was $1.37 billion on November 7, just days after the 2024 presidential election.
Thursday, BlackRock’s IBIT ETF took first place with $448 million of net inflow, followed by Fidelity’s FBTC which saw $324 million of net inflow. Together they accounted for well over half of the day’s total flows.
Since inception, Bitcoin ETFs have collectively snagged about $51 billion in net inflows, with IBIT and FBTC leading the pack with $53.4 billion and $12.6 billion of inflows, respectively. Notably, Grayscale’s GBTC saw a net outflow of $23.3 billion after converting from its original closed-end fund structure to an ETF.
According to Bloomberg, BlackRock’s IBIT ETF generates more revenues than its S&P 500 ETF IVV.
