Deniz 
With Friday’s inflows becoming the highest single-day intake since early June, a nearly four-month high, US spot Bitcoin exchange-traded funds have extended their inflow run to seven straight trading days. Following the run, the ETFs have reached a two-month high in terms of total asset value; the twelve funds now under availability for trade have $61.21 billion worth of Bitcoin .
Based on SoSoValue statistics, the funds had a daily net inflow of $494.27 million on Friday; this was led by a $203.1 million inflow to Ark and 21Shares’s ARKB fund. With $123.6 million, Fidelity’s FacebookTC saw the second-highest inflow; BlackRock’s IBIT fund followed closely with $110.8 million in Friday inflows. Grayscale’s GBTC with $26.1 million, Bitwise’s BITB with $12.9 million, VanEck’s HODL with $11.1 million, Invesco’s BTCO with $3.3 million, and Valkyrie’s BRRR with roughly $3.3 million were also under recorded inflows. There were no notable inflows or withdrawals for the four remaining funds.
Since June 4, when the funds witnessed $886.75 million in inflows, the daily total inflow of $484.27 million was the greatest single-day intake for the funds. Based on SoSoValue statistics, the funds’ overall net asset value—$61.21 billion—is the highest figure noted since July 29, when it was $61.73 billion. While some analysts have projected a “flutter” of fresh filings following the U.S. Securities and Exchange Commission’s recent approval of BlackRock’s proposal to list and trade options for its spot Bitcoin ETF, others have turned a critical eye toward the possible impact of more “paper” Bitcoin on the demand for underlying assets.
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