Key Highlights
- Daily net inflows into US spot Bitcoin ETFs totaled $233.1 million on Thursday.
- The surge represents the highest single-day performance in more than three weeks.
- BlackRock’s IBIT captured $183.4 million, representing approximately 78.7% of total inflows.
- Weekly Bitcoin ETF flows shifted back to positive at $203.84 million.
- July brought $437.8 million in net inflows, reversing a two-month outflow streak.
US spot Bitcoin ETFs achieved their most robust daily performance in over three weeks this Thursday. Bitcoin ETFs inflows climbed to $233.1 million during a session where BTC dropped beneath the $64,000 threshold.
This surge in institutional appetite occurred while Bitcoin faced downward pressure. The cryptocurrency hovered around $63,700 during market hours after declining approximately 1.3% across the previous 24-hour period. The data reveals that ETF purchasing activity failed to provide immediate support to broader spot market prices.
Weekly Bitcoin ETF Flows Shift Back to Positive Territory
BlackRock’s iShares Bitcoin Trust dominated Thursday’s activity by drawing $183.4 million in capital. This single fund captured roughly 78.7% of the day’s aggregate inflows.
Bitwise’s BITB added $20.7 million, with Fidelity’s FBTC securing $15.5 million in fresh capital. Additional listed products reported modest inflows throughout the trading period.
Source: Farside Investors
Thursday’s Bitcoin ETFs inflows elevated the weekly aggregate to $203.84 million. The funds appear positioned to achieve their fourth consecutive positive week barring Friday withdrawals exceeding this threshold.
Monthly Inflows Break Streak of Multi-Billion Dollar Outflows
US spot Bitcoin ETFs have accumulated $437.8 million in net inflows throughout July. This monthly performance stands to conclude a two-month sequence of substantial outflows measured in billions.
Institutional participation strengthened while Bitcoin encountered resistance. BTC price opened near $64,500, advanced past $65,200, then surrendered gains. Market participants quickly eliminated the brief upward movement.
Prices subsequently declined below $64,500 and extended losses through morning trading. Downward momentum persisted despite enhanced ETF activity. Market participants maintained Bitcoin beneath the $64,000 threshold while seeking stable support levels.
Ethereum ETFs Continue Positive Momentum
US spot Ethereum ETFs similarly posted net inflows during Thursday’s session. These products collectively attracted $13.3 million in fresh investment.
Ethereum ETFs experienced outflows during merely five sessions throughout July. This pattern represents a dramatic shift from June, when these funds registered inflows on only four trading days.
The aggregate ETF statistics demonstrated heightened demand across both Bitcoin and Ethereum investment vehicles. These positive flows occurred while broader cryptocurrency markets continued experiencing near-term volatility and downward pressure.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
