The funds have now collected more than $1 billion in a single day for the third time. Bitcoin is currently trading at a price that exceeds $99,300.
U.S. spot bitcoin exchange-traded funds have achieved a cumulative total net inflow of over $30 billion for the first time since their inception in January.
Following the re-election of former president Donald Trump, the bitcoin ETFs have experienced a surge in trade volume and net inflows, which is indicative of a favorable market sentiment. On Wednesday, the funds’ aggregate net asset value exceeded $100 billion.
According to data from SoSoValue, the cumulative total flow of the 12 bitcoin ETFs reached $30.35 billion on Thursday, as they reported a total daily net inflow of $1 billion.
BlackRock’s IBIT received the most inflows, totaling $608.41 million. Fidelity’s FBTC received $300.95 million. Ark and 21Shares’ ARKB generated $17 million, while Bitwise’s spot bitcoin fund attracted $68 million. Grayscale’s Mini Bitcoin Trust and bitcoin ETFs from VanEck and Franklin Templeton also contributed to net inflows.
Yesterday, Grayscale’s GBTC was the sole fund to experience negative flows, with a net outflow of $7.8 million. For the day, the four additional funds experienced no inflows. Altogether, the 12 exchange-traded funds (ETFs) exchanged $7.1 billion yesterday.
Bitcoin has reached new all-time highs as a result of its relentless rally, and it is currently on course to reach the highly anticipated $100,000 price level. At the time of writing, it was trading at $99,320, having gained 2% in the previous 24 hours.
In the meantime, spot Ethereum ETFs in the United States experienced $9.05 million in net outflows on Thursday, extending their negative flow sequence to six days. Yesterday, the nine ether ETFs experienced a total trading volume of $839.64 million.
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