Bitcoin exchange-traded funds (ETFs) saw massive inflows of $908.1 million on Friday, marking the highest daily inflow since November, according to Farside Investors. This surge came after weeks of consistent outflows, which peaked with a withdrawal of $242.3 million on Thursday.
Bitcoin regained momentum amid expectations of eased regulatory restrictions and increased use as a hedge against inflation, especially with the Federal Reserve forecasting inflation to rise to 3% in 2025. The price of Bitcoin climbed 11% over the past week, reaching $102,000.
The FBTC fund led Friday’s inflows with $357 million, while iShares Bitcoin Trust (IBIT) attracted $253.1 million. The total assets under management in Bitcoin ETFs reached $35.9 billion, with IBIT holding over 551,076 Bitcoin, making it the third-largest Bitcoin holder globally.
