Bitcoin exchange-traded funds (ETFs) experienced a sharp recovery on Friday, pulling in $908.1 million—their strongest single-day inflow since late November, according to U.K.-based asset manager Farside Investors. This significant rebound follows weeks of sustained outflows, including a $242.3 million withdrawal just one day prior.
Bitcoin ETF Inflows Reverse Multi-Week Downtrend
Friday’s influx marks a dramatic shift after a difficult period for bitcoin ETFs, which saw persistent outflows beginning late last year and extending into early 2025. The turnaround brought the three-day total to $665.8 million in net inflows, signaling renewed investor confidence.
Bitcoin’s price has also resumed its upward trajectory, climbing 11% over the past week to approximately $102,000. The cryptocurrency, still below its December peak of $108,268, is gaining favor as an inflation hedge. With the Federal Reserve projecting 2025 inflation at 3%, above its 2% target, some investors see bitcoin as a store of value. Additionally, speculation around regulatory easing under a crypto-friendly Trump administration has contributed to the rally.
Key Drivers of ETF Rebound: Fidelity Leads the Way
The rebound was spearheaded by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which attracted $357 million in inflows on Friday, according to Farside. BlackRock’s iShares Bitcoin Trust (IBIT) followed with $253.1 million, while the ARK 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) secured $222.6 million and $61.1 million, respectively.
FBTC’s strong performance pushed its year-to-date inflows to $393.2 million, making it the early leader in 2025. The fund now holds 205,510 bitcoins, according to its holdings report.
Market-Wide Recovery Boosts ETF Assets
Other prominent bitcoin funds also saw gains. The VanEck Bitcoin ETF (HODL) reported $5.6 billion in Friday inflows, while the Grayscale Bitcoin Mini Trust (BTC) added $8.7 million in new assets. These inflows offset market-wide withdrawals from earlier in the week.
Bitcoin ETFs now hold approximately 1.1 million bitcoins, accounting for 5.5% of the cryptocurrency’s circulating supply, according to data from etf.com. Spot bitcoin ETFs have amassed $35.9 billion in total assets since their inception, with BlackRock’s IBIT holding over 551,076 bitcoins, making it the third-largest known bitcoin holder globally.
