Bitcoin Spot ETFs Rally With $233M Daily Inflows as Institutional Demand Rebounds
US spot Bitcoin ETFs attracted their strongest day of inflows in over three weeks Thursday, with BlackRock's IBIT accounting for nearly 80% of the $233.1 million influx. The surge has put weekly performance back in positive territory.
Institutional Buyers Return to Bitcoin ETFs
US spot Bitcoin exchange-traded funds experienced their sharpest daily inflow in more than three weeks on Thursday, drawing $233.1 million in net purchases. The resurgence was led by BlackRock’s iShares Bitcoin Trust, which captured $183.4 million of the total—representing over three-quarters of the day’s combined inflows. Bitwise’s BITB and Fidelity’s FBTC followed with $20.7 million and $15.5 million respectively, while additional funds contributed smaller amounts to the broader institutional appetite for on-chain Bitcoin exposure.
Weekly and Monthly Recovery Signals
Thursday’s inflow surge has moved Bitcoin ETFs into positive territory for the week, with cumulative net inflows now standing at $203.84 million. If outflows remain moderate on Friday, the funds are positioned to record their fourth consecutive week of positive performance. July itself has now accumulated $437.8 million in net inflows, putting the month on track to reverse a two-month period that saw multibillion-dollar outflows from the same instruments. Bitcoin itself traded near $64,338 at the time of reporting, having declined 1.8% over the seven-day period.
Ether ETFs Show Modest Strength
Spot Ether exchange-traded funds also posted gains Thursday, attracting $13.3 million in net inflows. However, Ethereum’s underlying asset recorded a mixed month overall, with the funds experiencing losses on just five of July’s trading sessions—a marginal improvement over June’s four positive days.
The renewed inflows into Bitcoin ETFs reflect a potential inflection point for institutional capital after weeks of redemptions, signaling that large asset managers and institutions may view current price levels as attractive entry points for spot Bitcoin holdings.
Source: Cointelegraph. Not financial advice.