Bitcoin ETFs Witness Record Inflows,Surging Past $2.7 Billion
Spot Bitcoin exchange-traded funds (etfs) enjoyed a stellar week, with inflows soaring to an extraordinary $2.7 billion. This marks the largest weekly increase since April, when inflows reached $3.06 billion.
For six straight weeks, these funds have seen positive inflows. As their inception, they have accumulated $44.53 billion. Currently, they hold $131 billion in assets, representing 6.24% of Bitcoin’s total value.
The iShares Bitcoin ETF (IBIT) leads the pack with $48 billion in cumulative inflows and $71 billion in assets. Fidelity’s FBTC and Grayscale’s funds follow closely with $21 billion and $21.7 billion, respectively. Other notable players include ETFs from Ark Invest,BitWise,and VanEck.
Interestingly, IBIT, launched just 16 months ago, is rapidly approaching the SPDR Gold Shares ETF (GLD). GLD, established in 2004, has seen $4.9 billion in inflows this year, totaling $100 billion in assets. If the trend continues, IBIT coudl surpass GLD in the next few years.
Bitcoin ETFs may also outshine their gold counterparts in the coming years. the World Gold Council reports that global gold ETF assets have reached $345 billion as prices rise.
Bitcoin has been on a strong upward trend this year, hitting a record high of nearly $112,000. However, it dipped to $107,500 after President Donald Trump’s tariff threats. Analysts remain bullish, citing rising demand from ETFs and corporations, along with falling supply on exchanges. Mining difficulty is also increasing, reducing the number of new coins entering the market.
Ark Invest predicts Bitcoin could reach $2.4 million by the end of the decade,while Standard chartered sees it hitting $200,000 this year.
