Spot bitcoin exchange-traded funds (ETFs) in the US have witnessed a record-breaking streak of 12 consecutive days of net inflows, totaling a staggering $2.5 billion. BlackRock's IBIT has emerged as the clear leader, drawing in an impressive $24.5 million in net inflows, further solidifying its position as the largest bitcoin ETF in terms of net assets under management.

Grayscale's GBTC, on the other hand, experienced a significant outflow of $31 million, widening the gap between the two funds. Fidelity's FBTC, the third-largest spot bitcoin ETF, saw notable inflows of $18 million, while Bitwise's ETF and others also reported substantial gains. The cumulative net inflows for the 11 spot bitcoin ETFs have surpassed $2 billion over the past 12 days, signaling a substantial increase in investor appetite for these funds.

As the market continues to evolve, US ETF issuers are gearing up for the launch of spot Ethereum ETFs, following the Securities and Exchange Commission's approval of the necessary forms. However, regulatory hurdles remain, as firms await the green light for their S-1 forms to initiate trading.

The sustained momentum in bitcoin ETFs underscores the growing interest from traditional finance in the digital assets space, despite price stability. The remarkable trading volumes, exceeding $28 billion last week, demonstrate the significant demand for these funds, with average daily trading volumes reaching $5.6 billion. This surge in investor interest has positioned bitcoin ETFs as a notable player in the market, with a cumulative total net inflow that continues to grow.

As the landscape continues to shift, it remains to be seen how this trend will impact the future of digital assets and the broader financial market. One thing is clear, however: BlackRock's IBIT has established itself as a leader in the spot bitcoin ETF space, and its continued growth will be closely watched by investors and industry observers alike.