US spot Bitcoin ETFs pulled in $233.1 million in net inflows on Thursday, marking their biggest daily boost in over three weeks. This surge came even as Bitcoin’s price slipped below $64,000, showing that demand for ETF shares isn’t always synced with immediate price moves.
BlackRock’s iShares Bitcoin Trust dominated the inflows, capturing $183.4 million, which was nearly 79% of the total. Bitwise’s BITB and Fidelity’s FBTC followed with $20.7 million and $15.5 million respectively. The influx lifted the weekly net inflows back into positive territory at $203.84 million, potentially setting up a fourth consecutive week of gains if Friday’s data doesn’t reverse the trend.
July Flows Turn Positive After Months of Outflows
July’s performance reversed a two-month streak of heavy outflows, with US spot Bitcoin ETFs accumulating $437.8 million for the month so far. According to Farside Investors, institutional appetite for Bitcoin ETFs is growing, even though Bitcoin’s price action remains volatile. The cryptocurrency briefly climbed above $65,200 before sellers pushed it down under $64,000 again.
Ethereum ETFs also posted inflows on Thursday, adding $13.3 million to their total. They’ve seen positive net flows on most trading days in July, a sharp contrast to June’s pattern. These trends reveal a rising interest in ETF products linked to both of the top cryptocurrencies, despite short-term weakness across broader crypto markets.
This content is for informational purposes and not financial advice.
