U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have hit a total of $2 billion in net inflows due to strong interest from investors. According to recent data from Farside Investors, Bitcoin ETFs saw a net inflow of $273.7 million on Friday.Â
ARK Invest’s ARKB was the top performer, which saw inflows close to $109.9 million. Following closely behind was BlackRock’s IBIT, pulling in more than $70.4 million.
Other notable funds included Bitwise’s BITB with $36 million, VanEck’s HODL at $33.3 million, Fidelity Bitcoin ETF (FBTC) with $18 million, and Invesco’s BTCO with $16.1 million. IBIT has now surpassed $23 billion in total net inflows, making it the largest Bitcoin ETF worldwide.
Grayscale’s GBTC, which often had outflows, attracted over $91 million in net inflows, reversing its previous trend.
On the regulatory side, the U.S. Securities and Exchange Commission (SEC) has approved plans from the NYSE and CBOE to list options for spot Bitcoin ETFs. The NYSE received full approval for its products, while the CBOE’s listing does not include Grayscale’s Bitcoin Mini Trust.
This approval allows 11 ETF providers, including major names like Fidelity, ARK Invest, and Grayscale, to offer options on popular Bitcoin ETFs such as the Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and the VanEck Bitcoin Trust.
Additionally, analysts at Standard Chartered also believe Bitcoin could return to its all-time high of $73,800 soon. This prediction is especially notable given the upcoming U.S. presidential election.Â
If Donald Trump is re-elected, his positive views on the crypto industry may create a favorable environment for Bitcoin.
