In just two months, BlackRock’s IBIT spot bitcoin exchange-traded fund crossed $10 billion worth of net inflows on Friday.

IBIT’s total flows of $10.03 billion are almost enough to cancel out total outflows of $10.55 billion from Grayscale's converted GBTC fund alone. It is also comparable to the $10.1 billion worth of inflows generated from the other eight spot bitcoin ETFs combined, with the newborn nine — excluding GBTC — also topping 20 billion on Friday. Net inflows for all the products now total more than $9.5 billion.

IBIT again led daily flows on Friday, registering $336.3 million worth of inflows. Fidelity’s FBTC was second with $130.3 million worth of inflows, and Valkyrie’s BRRR third with $41.4 million, according to data from BitMEX Research.

Net inflows for the U.S. spot …