US-based spot Bitcoin ETFs recorded an unprecedented milestone last week, with back-to-back daily inflows exceeding $1 billion for the first time since their launch in January 2024. The surge in investment coincided with Bitcoin reaching new all-time highs, topping $118,000 by the end of the trading week.
Back-to-Back Billion-Dollar Inflows
According to data from Farside Investors, the 11 spot Bitcoin ETFs registered $1.17 billion in inflows on Thursday, followed by $1.03 billion on Friday. This marked the first time the funds experienced consecutive days with ten-digit inflows. Prior to this, only seven such billion-dollar inflow days had been recorded since January, with the previous high occurring on 7 November 2024, the day Donald Trump won the US presidential election.
Bitcoin is up 8.85% over the past seven days. Source: CoinMarketCap
Nate Geraci, president of NovaDius Wealth Management, noted that these two recent days account for nearly 30% of all billion-dollar inflow days to date.
Demand Far Outpaces Supply
The sharp rise in investor interest significantly outpaced Bitcoin’s daily mined supply. Bitwise Invest’s chief investment officer Matt Hougan pointed out that while the Bitcoin network generated around 450 coins on Thursday, spot ETFs collectively purchased roughly 10,000. Similarly, crypto infrastructure firm Jan3 observed that Wednesday’s ETF demand was 22 times greater than the mined output.
Jan3 CEO Samson Mow warned that such a level of demand is unsustainable at current price levels.
Total Weekly Inflows Hit $2.72 Billion
Across the five-day trading week, spot Bitcoin ETFs saw total inflows of $2.72 billion. This wave of investor activity came as Bitcoin’s spot price climbed to an all-time high of $112,000 on Wednesday and continued its ascent to $118,780 by Friday, according to CoinMarketCap.
BlackRock ETF Breaks Record
The price rally helped BlackRock’s spot Bitcoin ETF (IBIT) surpass $80 billion in assets under management on Thursday, becoming the fastest ETF in history to reach this milestone in just 374 days. ETF analyst Eric Balchunas highlighted that IBIT now generates more annual revenue than BlackRock’s own flagship fund, the iShares Core S&P 500 ETF.
Source: Jan3
Balchunas also noted that the combined assets under management for all US spot Bitcoin ETFs have now exceeded $140 billion for the first time, though he added that rising Bitcoin prices played a major role in boosting the overall valuation.
A Strong Signal for Crypto Markets
The rapid inflows into spot Bitcoin ETFs reflect renewed confidence and growing institutional interest in the cryptocurrency sector. With demand currently outpacing supply by a wide margin, market watchers remain cautiously optimistic about Bitcoin’s long-term trajectory, while also raising concerns about sustainability at elevated prices.
