U.S. spot bitcoin exchange-traded funds (ETFs) rebounded on Friday, reversing two consecutive days of outflows. The 11 ETFs collectively attracted $143.1 million during the day’s trading sessions, concluding the week positively.
Friday’s ETF Activity Rebounds After 2 Days of Outflows
Despite bitcoin (BTC) prices dipping to a low of $53,550, the 11 spot bitcoin ETFs performed robustly on Friday. Inflows totaled approximately $143.1 million, with Fidelity’s FBTC leading the pack by securing $117.38 million. Bitwise’s BITB followed closely with $30.19 million in inflows.
FBTC now holds reserves of 168,687.08 BTC, while Bitwise’s BITB holds 38,603.39 BTC. Vaneck’s HODL attracted $12.79 million, increasing its reserves to 10,068.43 BTC. Ark Invest and 21shares’ ARKB also saw inflows of $11 million on Friday, according to metrics from sosovalue.xyz.
Following Friday’s inflows, ARKB now holds 46,266 BTC. Conversely, Grayscale’s GBTC experienced outflows totaling $28.57 million, reducing its reserves to 274,249.03 BTC. Meanwhile, Blackrock’s IBIT saw no changes in inflows or outflows, maintaining its reserves at 307,206.23 BTC.
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