Institutional demand for crypto exposure is accelerating, and spot Bitcoin ETFs are seeing massive inflows.
Data from SoSoValue shows a net inflow of $642.35 million on Friday, the fifth consecutive day of gains.
This increase brings cumulative net inflows to $56.83 billion, with total net assets now standing at $153.18 billion.
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Fidelity's FBTC led the pack with $315.18 million, closely followed by BlackRock's IBIT with $264.71 million. Total trading volume was $3.89 billion.
The upward trend extended to Ethereum, with spot Ether ETFs gaining $405.55 million on their fourth consecutive day of gains.