Bitcoin ETFs post $233M inflows as week turns green
US spot Bitcoin ETFs post $233M in daily inflows, the strongest day in more than three weeks, led by BlackRock's IBIT. That haul flipped weekly flows positive near $204 million and left July on pace to finish in the green after months of heavy outflows.
Key Takeaways
- US spot Bitcoin ETFs attracted $233.1 million on Thursday, the strongest daily inflows in more than three weeks.
- BlackRock's IBIT led with $183.4 million, or about 78.7% of the day's total, per SoSoValue data.
- Weekly net inflows sit at $203.84 million, putting a fourth straight green week within reach.
- July is $437.8 million in the green and on track to end positive after two months of multibillion-dollar outflows.
- Spot Ether ETFs also logged $13.3 million in net inflows on the same day.
How large were the Bitcoin ETF inflows?
According to Cointelegraph citing SoSoValue, US spot Bitcoin ETFs posted $233.1 million in net inflows on Thursday. That marked the strongest daily haul in more than three weeks for the product group.
BlackRock's iShares Bitcoin Trust (IBIT) dominated with $183.4 million in net inflows. Bitwise's BITB added $20.7 million, and Fidelity's FBTC brought in $15.5 million, with several other funds posting smaller gains.
Why does this matter for the week and July?
Thursday's rush flipped Bitcoin ETFs into positive territory for the week, leaving them with $203.84 million in net inflows. Unless Friday sees outflows larger than that total, the funds could close a fourth straight week in the green.
July now stands $437.8 million positive after the latest inflows. That puts the month on pace to snap a two-month streak of multibillion-dollar outflows—a notable shift for Fintech & Crypto Alerts watchers tracking institutional Bitcoin demand.
What about Bitcoin price and Ether ETFs?
Bitcoin traded at $64,338 at the time of the report, down 1.8% over the past week, according to CoinGecko. The ETF rebound therefore arrived even as spot prices softened week over week.
Spot Ether ETFs logged $13.3 million in net inflows on Thursday. Those funds recorded losses in just five trading sessions throughout July, after posting net inflows on only four trading days in June. Ether traded near $1,905 at the time of writing.
For investors, the takeaway is flow momentum: Bitcoin ETFs post $233M days still move weekly and monthly ledgers, even when price action is soft. Continued IBIT leadership also underscores how concentrated institutional demand remains among the largest US spot products.