Bitcoin ETFs See Positive Inflows After Five-Day Outflow Streak
- Spot Bitcoin ETF products recorded $85.8 million in net inflows on Friday.
- BlackRock’s IBIT attracted $58 million, leading the day’s inflows.
- Fidelity’s FBTC added approximately $42 million.
- Ethereum ETFs experienced a daily net outflow of $4.95 million.
The return to positive flows for Bitcoin ETFs provides a fresh data point for traders after several days of outflows, suggesting renewed institutional interest in Bitcoin as a macro and treasury-style allocation. In contrast, Ethereum funds continue to face pressure due to their association with staking and network revenue concerns.
Friday’s inflow marks a significant shift in sentiment for Bitcoin ETFs, potentially indicating a short-term reset rather than a sustained retreat from institutional investors. (Source)
