US Investors Pour $365M into Bitcoin ETFs as Price Continues to Soar

On Thursday, U.S. investors funneled approximately $365 million into spot Bitcoin ETFs, pushing total inflows to over $600 million for the week, according to data from Farside Investors.

This surge in investment came as Bitcoin reached a monthly peak of $65,000.

ARK Invest’s ARKB ETF saw a strong rebound, attracting around $114 million after a brief decline earlier in the week. BlackRock’s IBIT continued its growth streak with an additional $93 million, while Fidelity’s FBTC and Bitwise’s BITB combined pulled in $124 million.

Other funds, including those from VanEck, Invesco, Valkyrie, and Franklin Templeton, also recorded gains. However, WisdomTree’s BTCW saw no new inflows. Grayscale’s Bitcoin Mini Trust brought in nearly $3 million, while its larger GBTC product experienced a $7 million outflow, marking the smallest withdrawal in the past two weeks.

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The renewed interest in Bitcoin ETFs aligns with Bitcoin’s recent surge, which broke through the $65,000 mark following positive U.S. economic data, including a 3% rise in GDP and a drop in weekly jobless claims.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.