The US Bitcoin ETF generates $908 million in daily revenue.
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U.S. Bitcoin ETFs recorded $908 million in net inflows — a rebound from the previous day's flow. He led the net income of Fidelity's Bitcoin fund, with significant contributions from BlackRock and ARK Invest Fund.
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US spot Bitcoin ETFs posted net inflows of $908 million on Friday, rebounding from Thursday's $242 million inflows, data from Farside Investors showed.
BlackRock's iShares Bitcoin Trust (IBIT) gained $253 million, ending a three-day losing streak of $392 million. The fund's total net income came back to $37 million, with 548,506 Bitcoin holdings totaling $53.4 billion.
Fidelity's Bitcoin Fund ( FBTC ) led Friday's gains with $357 million in net income—one of its strongest daily showings since its inception. FBTC has accumulated more than $12 billion in new investments since January 3rd.
The ARKB fund, managed by ARK Invest and 21Shares, recorded net income of $222 million. Bitwise, Grayscale (BTC) and VanEck funds posted gains, while other ETF providers reported no outflows.
Bitcoin has regained the $98,000 mark
Bitcoin reached $98,900 on Friday, surpassing $98,000 for the first time since December 26, CoinGecko data shows. The digital asset currently sells for more than $98,000, a 4% increase over the past week.
Analysts predict a bullish year for Bitcoin driven by growing institutional and national adoption.
Galaxy Research predicts that five Nasdaq 100 companies and five countries will add bitcoin to their balance sheets by 2025 to diversify their portfolios and meet their business settlement needs. The company projects that US spot Bitcoin ETFs will reach $250 billion in assets under management.
Jan Van Eck, CEO of VanEck, advises investors to increase their holdings in Bitcoin and gold in 2025 as these assets provide valuable protection against inflation, fiscal instability and global dollarization trends.
Van Eck projects Bitcoin could reach $150,000 to $170,000. This position is supported by other financial analysts and institutions who recognize Bitcoin's potential to protect against financial risks.
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