U.S. spot bitcoin ETFs took in $85.8 million on Friday, breaking a five-session run of outflows, according to SoSoValue data. The funds still ended the week with roughly $315.8 million in net redemptions.
The streak that ran through Thursday pulled about $727.4 million from the products. The single worst day was June 5, when the funds shed $325.7 million.
BlackRock's IBIT fund, the largest bitcoin ETF by assets under management (AUM), led Friday's buying with $57.7 million, followed by runner-up Fidelity's FBTC at $18.0 million. None of the funds posted a net outflow on the day, per the data.
The week, however, was a sharp slowdown from recent selling. Bitcoin ETFs lost about $1.7 billion the week before, per the data, and $1.4 billion the week before that, an escalation from the week of May 22, which itself was their worst week since late January with $1.26 billion in redemptions.
IBIT remains the largest fund, holding $48.7 billion in net assets, with the fund's BTC holdings representing about 3.8% of bitcoin's circulating supply. That figure now sits roughly $13.4 billion below the fund's $62.1 billion in cumulative net inflows, a far wider gap than the $3.7 billion The Block noted in May and a reflection of bitcoin's price decline since.
