Key facts
- US spot Bitcoin ETFs recorded $134.5 million in inflows on Friday, extending a seven-day streak of positive flows.
- The seven-day inflow streak has brought in approximately $2.98 billion.
- Year-to-date net inflows for Bitcoin ETFs reached $886.8 million through Thursday, a significant swing from a $5.69 billion deficit in July.
- The average Bitcoin ETF holder is now in profit for the first time since January, with the cost basis estimated at $81,722.
- Bitcoin traded around $84,020 on Friday, with total net assets for Bitcoin ETFs at $108.42 billion.
US spot Bitcoin ETFs have seen a significant resurgence in investor interest, with inflows totaling approximately $2.98 billion over the past seven trading days ending Friday. This marks a sharp reversal from mid-September when the funds experienced substantial outflows following the Senate's failed cloture vote on the Clarity Act.
On Friday alone, the ETFs attracted $134.5 million, extending a streak that began September 17. This recent influx has helped turn year-to-date flows positive, reaching $886.8 million through Thursday, a substantial swing from a $5.69 billion deficit recorded in July, according to Farside Investors data.
The rally has also benefited investors, with Bloomberg analyst James Seyffart noting that the average Bitcoin ETF holder is now in profit for the first time since January. This is attributed to Bitcoin's price rising above the estimated cost basis of $81,722 for these investors. The largest single-day inflow during this streak occurred on September 21, when the funds saw nearly $1 billion in new investments.
Overall, cumulative net inflows since the launch of these ETFs now stand at $58.0 billion, with total net assets reaching $108.42 billion as Bitcoin traded around $84,020.