For the first time since their launch in January, U.S. spot bitcoin exchange-traded funds (ETFs) have surpassed $30 billion in cumulative net inflows. This milestone comes amid heightened trading activity and optimistic market sentiment fueled by the re-election of former President Donald Trump, alongside Bitcoin’s record-setting rally.
On Thursday alone, the 12 bitcoin ETFs collectively recorded a $1 billion daily net inflow, bringing their cumulative total to $30.35 billion, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust (IBIT) led with $608.41 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Trust (FBTC) with $300.95 million. Bitwise’s fund attracted $68 million, while Ark and 21Shares’ ARKB added $17 million.
Other funds, including offerings from VanEck, Franklin Templeton, and Grayscale’s Mini Bitcoin Trust, also saw net inflows. However, Grayscale’s flagship GBTC was the sole fund to report net outflows, losing $7.8 million. Overall, the 12 ETFs traded a combined $7.1 billion on Thursday.
Bitcoin’s ongoing surge has pushed it within striking distance of the $100,000 price milestone. The cryptocurrency gained 2% in the past 24 hours to reach $99,320 at the time of writing.
Meanwhile, Ethereum’s spot ETFs in the U.S. continue to see outflows, with $9.05 million in net outflows reported on Thursday, marking a six-day streak of negative flows. The nine ether ETFs recorded a total trading volume of $839.64 million.
As Bitcoin nears $100,000, the remarkable inflow activity and soaring market capitalization of U.S. spot bitcoin ETFs highlight a growing institutional appetite for the leading cryptocurrency in an increasingly bullish environment.