Bitcoin ETFs Inflows Extend Weekly Gains Despite BTC Weakness
TLDR
- US spot Bitcoin ETFs recorded $233.1 million in daily net inflows.
- The inflows marked their strongest daily performance in over three weeks.
- BlackRock’s IBIT led with $183.4 million, or about 78.7% of the total.
- Weekly Bitcoin ETF inflows returned to positive territory at $203.84 million.
- July net inflows reached $437.8 million, ending two months of heavy outflows.
US spot Bitcoin ETFs recorded their strongest daily inflows in more than three weeks on Thursday. Bitcoin ETFs inflows reached $233.1 million even as BTC fell below $64,000 during the latest trading session.
The rise in fund demand came during weak price action. Bitcoin traded near $63,700 at press time after losing about 1.3% over 24 hours. The move showed that ETF buying did not immediately lift the overall spot market.
Bitcoin ETFs Inflows Return Weekly Total to Positive
BlackRock’s iShares Bitcoin Trust led Thursday’s inflows with $183.4 million. The fund accounted for about 78.7% of the total daily amount.
Bitwise’s BITB added $20.7 million, while Fidelity’s FBTC attracted $15.5 million. Other listed funds reported smaller inflows during the session.
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