US Spot Bitcoin ETFs Reached $21 Billion in Total Net Inflows on Friday

Investor appetite for these funds remains strong. According to data from Farside Investors, these ETFs collectively netted over $2 billion this week

US spot Bitcoin ETFs continued to see strong demand on Friday, attracting $273 million in net inflows, the latest data showed.

This brings the total net inflows into these ETFs to $21 billion year-to-date, as investors pile into the funds despite the recent downturn in the cryptocurrency market.

For the week, these ETFs attracted over $2 billion in net inflows, extending their winning streak to six consecutive days.

Among the spot Bitcoin ETFs, ARK Invest’s ARKB stood out with nearly $110 million in net inflows on Friday, leading the group. Meanwhile, BlackRock’s IBIT also saw strong inflows of over $70 million.

Other ETFs that saw significant inflows on Friday include VanEck’s HODL, Bitwise’s BITB, Fidelity’s FBTC, and Invesco’s BTCO.

Among these ETFs, IBIT and ARKB emerged as the top performers for the week. While ARKB experienced a surge in inflows, crossing $100 million on both Thursday and Friday, IBIT managed to secure half of the group's total inflows.

As of October 18, IBIT's net inflows have reached an impressive $23 billion, further solidifying its position as the world's premier Bitcoin ETF.

Interestingly, this week also marks the first time that all the major Bitcoin ETFs saw positive inflows. Even Grayscale’s GBTC, which has historically seen outflows, attracted over $91 million in net inflows.

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