The Bitcoin ETFs, however, witnessed the inflow of an unprecedented amount of capital to close the past week. This significant investor activity came as the price of the premier cryptocurrency forged multiple new all-time highs in the space of a few days.
ARK 21Shares Bitcoin ETF (ARKB) came in second place, registering a net inflow of $23.51 million on Friday. Grayscale’s Bitcoin Mini Trust (BTC) and VanEck’s Bitcoin exchange-traded fund (HODL) also managed to post eight-figure inflows, with $20.93 million and $20.01 million, respectively.
Bitwise’s Bitcoin ETF (BITB) and Invesco’s fund (BTCO) were the only other funds to record positive inflows to close the week. BITB and BTCO posted $6.41 million and $5.3 million, respectively, on the day. It is worth noting that the other Bitcoin ETFs didn’t witness any net activity.
As earlier mentioned, the US Bitcoin ETFs registered over a billion-dollar net inflow for the second consecutive day — for the first time since launching in January 2024. These performances in the past two days pushed the weekly record to around $2.72 billion, the fifth-largest weekly inflow.
As of this writing, the price of Bitcoin sits around $117,332, reflecting a 0.3% decline in the past 24 hours. Nevertheless, the value of the flagship cryptocurrency is still up by more than 8% in the past seven days.
