Bitcoin ETFs See Strongest Weekly Inflow Since November 2024

According to data from Farside Investors, last week saw the highest weekly inflow for Bitcoin investment products since November 2024, with six consecutive days of positive momentum. BlackRock’s IBIT and Fidelity’s FBTC led the way, accounting for 92% of Friday's total inflows. IBIT alone attracted $240 million, while FBTC followed with $108 million. Total assets under management for spot Bitcoin ETFs have now reached nearly $110 billion, with IBIT holding close to 3% of all Bitcoin in circulation. BlackRock’s Jay Jacobs mentioned to CNBC that in times of increasing global uncertainty, assets like Bitcoin and gold are becoming more appealing to investors seeking alternative stores of value.