U.S. spot bitcoin exchange-traded funds recorded an $85.8 million net inflow on Friday, ending a five-day streak of outflows, according to SoSoValue data. The inflow marked a reversal from the prior stretch through Thursday, which pulled approximately $727.4 million from the products, with the single worst day occurring on June 5 when the funds shed $325.7 million. Despite Friday's positive flow, the funds closed the week with roughly $315.8 million in net redemptions, extending a broader pattern of negative flows that has persisted over the past month and reflects bitcoin's price decline during the period.
BlackRock and Fidelity Lead Friday Inflow
BlackRock's IBIT fund, the largest bitcoin ETF by assets under management, led Friday's buying with $57.7 million in net inflows, followed by Fidelity's FBTC at $18.0 million. None of the funds posted a net outflow on the day, per the data. The week's $315.8 million in net redemptions represented a sharp slowdown from recent selling pressure. Bitcoin ETFs lost about $1.7 billion the week before, and $1.4 billion the week before that, an escalation from the week of May 22, which saw $1.26 billion in redemptions and marked their worst week since late January.
IBIT Fund Holds $48.7 Billion in Net Assets
IBIT remains the largest fund in the category, holding $48.7 billion in net assets, with the fund's BTC holdings representing about 3.8% of bitcoin's circulating supply. That figure now sits roughly $13.4 billion below the fund's $62.1 billion in cumulative net inflows, a far wider gap than the $3.7 billion noted in May and a reflection of bitcoin's price decline since. The price of BTC is currently trading around $64,180, mostly flat in the past 24 hours, according to The Block's Bitcoin Price page. The flows land as the bitcoin ETF complex nears a milestone: U.S. spot bitcoin ETFs are set to cross $2 trillion in cumulative trading volume less than two and a half years after launch, The Block reported this week.
Spot Ether ETFs Record Fourth Consecutive Outflow Day
Spot ether ETFs posted a fourth consecutive day of outflows on Friday with $4.9 million in redemptions, and lost about $14.9 million for the week, though an $82.4 million inflow on Monday offset most of it. The category's $11.2 billion in cumulative net inflows now tops its $9.2 billion in net assets, leaving the funds about $2.0 billion underwater on a mark-to-market basis. The Block reported in May that ether ETF net assets sat $223 million above cumulative inflows, a cushion that has since turned into a deficit as ether's price fell. According to The Block's data, the total AUM of spot Ethereum ETFs has fallen below its level from one year ago, with about $9 billion in AUM in mid-June vs about $7.5 billion in AUM currently. Ether is currently trading at about $1,680, also mostly flat in the past 24 hours, according to The Block's Ethereum Price page.
FAQ
What did U.S. spot bitcoin ETFs record on Friday?
U.S. spot bitcoin ETFs recorded an $85.8 million net inflow on Friday, breaking a five-day streak of outflows, according to SoSoValue data.
Which funds led the Friday inflow for bitcoin ETFs?
BlackRock's IBIT fund led Friday's buying with $57.7 million in net inflows, followed by Fidelity's FBTC at $18.0 million. None of the funds posted a net outflow on the day.
How did spot ether ETFs perform on Friday?
Spot ether ETFs posted a fourth consecutive day of outflows on Friday with $4.9 million in redemptions, and lost about $14.9 million for the week, though an $82.4 million inflow on Monday offset most of it.
