Bitcoin ETFs Post $233M in Inflows, Pushing the Week Back Into the Green
TL;DR
- Daily inflows: US spot Bitcoin ETFs attracted $233.1 million on Thursday, led by BlackRock’s IBIT with $183.4 million.
- Weekly and monthly trend: The inflows pushed weekly totals to $203.84 million and July’s figure to $437.8 million, keeping Bitcoin ETFs on pace for a fourth green week.
- Market backdrop: Bitcoin’s price slid to around $63,700 despite rising demand, while Ether ETFs added $13.3 million in fresh inflows.
US spot Bitcoin ETFs recorded their strongest daily inflows in more than three weeks on Thursday, pulling in $233.1 million and reversing the week’s earlier weakness. The surge arrived despite a soft patch in the Bitcoin price, signaling that institutional appetite remains steady even as market volatility persists.
Strong Daily Intake Led by BlackRock
BlackRock’s iShares Bitcoin Trust dominated Thursday’s activity with $183.4 million in net inflows, representing nearly 79% of the day’s total. Bitwise’s BITB added $20.7 million, while Fidelity’s FBTC brought in $15.5 million. Several other Bitcoin ETFs posted smaller gains, rounding out a session that pushed weekly flows back into positive territory.
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