US Bitcoin ETFs See $233M in Net Inflows, Bringing Weekly Performance Back to Positive
US spot Bitcoin ETFs recorded $233.1 million in daily inflows led by BlackRock's IBIT, reversing the week to positive territory while July remains positioned for a green finish.
On Thursday, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their most robust single-day inflows in over three weeks, bringing in a total of $233.1 million.
Leading the charge was BlackRock's iShares Bitcoin Trust (IBIT), which captured $183.4 million in net inflows, representing 78.7% of Thursday's aggregate total, based on data from SoSoValue. Bitwise's BITB followed with $20.7 million in fresh capital, while Fidelity's FBTC saw $15.5 million, with various other funds recording modest inflows as well.
This performance pushed Bitcoin ETFs back into positive weekly territory, bringing their net inflows for the week to $203.84 million. Unless Friday sees a net outflow exceeding that figure, the funds are positioned to complete their fourth consecutive week with positive flows.
Following Thursday's inflows, July now stands $437.8 million in positive territory and appears set to break a two-month run of multibillion-dollar outflows.
At the time of writing, Bitcoin was trading at $64,338, reflecting a 1.8% decline over the preceding week, based on data from CoinGecko.
In related developments, spot Ether ETFs registered $13.3 million in net inflows on Thursday. These funds have experienced outflows on only five trading sessions during July, a marked improvement after recording net inflows on merely four trading days throughout June.
At the time of writing, Ether was changing hands at $1,905.