US-based spot Bitcoin ETFs recorded over $1 billion in inflows for two consecutive days, marking a significant milestone since their launch in January 2024. On Friday, the inflows reached $1.03 billion, following $1.17 billion the previous day, coinciding with Bitcoin's price surge to new all-time highs. Over the past week, the ETFs saw a total of $2.72 billion in inflows as Bitcoin's price peaked at $118,780. This uptick in demand prompted significant purchases by the ETFs, outpacing the daily Bitcoin mining supply. BlackRock’s Bitcoin ETF (IBIT) became the fastest to cross $80 billion in assets under management, a testament to the growing interest in Bitcoin investment amid favorable market conditions. Overall, the heightened inflows reflect a burgeoning interest in Bitcoin investments, though experts indicate such sustained demand may not be viable at high price levels.

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