Bitcoin ETFs in the United States recorded inflows of nearly $60 million on Friday, showing signs of recovery from the negative inflows this week. BlackRock (IBIT) and Fidelity (FBTC) inflows climbed higher as market participants celebrate the fourth successful Bitcoin halving.
Spot Bitcoin ETFs Saw $60 Million Inflows
The total net inflow of spot Bitcoin ETFs was $59.7 million, according to data reported by Bloomberg and Farside Investors on April 20. The 11 listed spot Bitcoin ETF saw a resurgence in buying activity on Friday. The positive inflow came amid BTC price recovery ahead Bitcoin halving.
Inflows in Fidelity Bitcoin ETF (FBTC) were almost double the inflow in BlackRock’s iShares Bitcoin ETF (IBIT). BlackRock saw $29.3 million inflow, rising from tepid inflow in the last few day. Following the latest inflow, BlackRock’s net inflow hit over $15.42 billion and Bitcoin holdings jumped over $17.55 billion.
Fidelity Bitcoin ETF (FBTC) recorded $54.8 million inflow, while Ark
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