Spot Bitcoin ETFs pulled in nearly $1 billion in net inflows over the past two days, pushing the token's price above $80,000 for the first time this year. The buying spree brought total assets under management for the ETF category to $109 billion, according to data compiled by GFdaily. The surge marks the strongest two-day inflow period since the funds launched.
Nearly $1 billion in two days
Investors added roughly $480 million on Thursday and another $510 million on Friday, according to the numbers. That brings the weekly total to well over $1.5 billion. The flows were concentrated in the largest funds, including BlackRock's IBIT and Fidelity's FBTC, though the exact split isn't public yet.
Bitcoin breaks $80,000
The buying pressure pushed Bitcoin from around $76,000 early Thursday to a high of $81,200 on Friday afternoon. It's the first time the asset has traded above $80,000 since late April, when a brief rally fizzled. The price has held above that mark since, trading at $80,700 as of Friday evening.
AUM hits $109 billion
Total assets across all spot Bitcoin ETFs now stand at $109 billion, up from $98 billion a week ago. The milestone comes less than three months after the funds crossed $100 billion in combined AUM. BlackRock's fund alone accounts for roughly $42 billion of that total.
The question now is whether this pace of inflows can hold. The previous record inflow week, in February, saw about $2.3 billion come in — and this week is already close to matching it.
