US-based spot Bitcoin ETFs experienced historic inflows exceeding $1 billion for two consecutive days, driven by a surge in Bitcoin prices reaching new all-time highs. This marks the first instance since the ETFs' launch in January 2024 that such consistent inflows have occurred. On Friday, the ETFs recorded $1.03 billion in inflows after $1.17 billion on the previous day, totaling $2.72 billion for the week. In this trading surge, the demand for Bitcoin ETFs significantly outstripped the network's mining output, prompting notable comments from industry analysts about the sustainability of such demand. The price of Bitcoin climbed to $118,780 in response to these inflows, while BlackRock's spot Bitcoin ETF became the fastest to surpass $80 billion in assets under management, contributing to a total asset accumulation across all Bitcoin ETFs of over $140 billion. The rapid growth of these ETFs highlights a dynamic shift in investor interest and market performance in the cryptocurrency sphere.

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