US Bitcoin ETFs Smash Records with Back-to-Back $1B Inflows

US-based spot Bitcoin ETFs just flexed hard with over $1 billion in daily inflows for two straight days. First time ever. Bitcoin's price? Also mooning.

Friday saw $1.03 billion flowing in, hot on the heels of Thursday's $1.17 billion splash. Since their January 2024 debut, only seven days have seen such mega inflows. Two of those? Just happened.

Bitcoin ETFs are eating up supply like there's no tomorrow. Thursday alone, they scooped up 10,000 BTC while the network minted a mere 450. Demand? 22x the daily supply. Unsustainable? You bet.

BlackRock's IBIT ETF just hit $80 billion in assets faster than any ETF in history—374 days. Total assets for all spot Bitcoin ETFs? A cool $140 billion. Price surge doing the heavy lifting, but who's counting?

Bitcoin's spot price? Peaked at $118,780 Friday. Up 8.85% in a week. Cozy.