The FNB Bitcoin, based in the United States, recorded more than $ 1 billion in entries for the second consecutive day on Friday, marking the first time since their launch of January 2024 that they saw two consecutive days with ten-digit entries.
Friday, the ETF products of 11 points Bitcoin (BTC) recorded total entries of $ 1.03 billion, following $ 1.17 billion in entries the day before, according to Farside data.
$ 2.72 billion flowed into the Bitcoin ETF during ATH week
The president of Novadius Wealth Management, Nate Geraci, declared in an X post that since the launch of January 2024, there were only seven days of entry exceeding $ 1 billion, two of which in the last two days. Before that, the last was January 17, with $ 1.07 billion.
The $ 1.17 billion influx on Thursday was their second daily influx since the creation, behind only the $ 1.37 billion recorded on November 7, 2024, when Donald Trump won the American presidential election.
Bitwise investment director Invest Matt Hougan said in an article on Friday that, while the Bitcoin network had produced around 450 bitcoins on Thursday, Spot Bitcoin Etf bought around 10,000.
Likewise, Jan3 stressed that Wednesday, the Bitcoin ETF request was “22x more” than the daily supply used.
Jan3 CEO Samson Mow said: “This request is not durable at these price levels.”
It was a large week of negotiation for the Bitcoin Spot ETF, with $ 2.72 billion in five days, while the punctual Bitcoin price reached new peaks of all time of $ 112,000 on Wednesday and continued to climb to reach $ 118,780 on Friday, according to CoinmarketCap data.
Blackrock Bitcoin ETF becomes a fastest ETF to cross $ 80 billion in alms
Price overvoltage has led to BlackRock Spot Bitcoin ETF (IBIT) exceeding $ 80 billion in management assets (AUM) on Thursday. ETF analyst Eric Balchunas said on Friday in an article that it was the “fastest ETF” to do so in 374 days.
In relation: Despite a record, S&P 500 has broken down in terms of Bitcoin
It has recently been reported that Blackrock now earns more income from its IBIT fund than its flagship fund S&P 500, Ishares Core S&P 500 ETF, on an annual basis.
Balchunas added: “Total assets for all Bitcoin ETF also crossed $ 140 billion for the first time.” However, he said that prices overvoltage had “most heavy the maintenance here”.
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