US spot Bitcoin ETFs log $221.7M inflow, first since May
US-listed spot Bitcoin ETFs drew $221.7 million in net inflows on Thursday, the first daily inflow above $200 million since early May, ending a 10-day outflow streak.
US-listed spot Bitcoin ETFs attracted $221.7 million in net inflows on Thursday, according to SoSoValue, ending a 10-day streak of outflows that had removed more than $2.7 billion from the funds.
The funds posted a record $4.5 billion in net outflows in June.
Bitcoin briefly fell below $59,000 before recovering above $61,000. The global crypto market capitalization rose about 2.4% over 24 hours to roughly $2.22 trillion, according to CoinGecko. The Fear & Greed Index registered sentiment in the extreme fear range.
Fund-level data from Farside Investors showed Fidelity’s Wise Origin Bitcoin Fund (FBTC) led Thursday’s inflows with about $166 million, roughly three-quarters of the day’s total. ARK 21Shares Bitcoin ETF (ARKB) posted $91.8 million in inflows, VanEck’s HODL reported $4.4 million and Valkyrie’s BRRR took in $1.7 million. Farside’s aggregate figures exceeded the SoSoValue total, reflecting differences in reporting methods between providers.
BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, recorded $40.4 million in net outflows on Thursday and has seen 11 consecutive sessions of outflows since June 17, losing more than $2.2 billion over that period.
US-listed spot Ether ETFs attracted $29.1 million on Thursday after $14.9 million the day before. XRP-focused ETFs returned to net inflows with $6.6 million.
Bitwise chief investment officer Matt Hougan and other investors pointed to signs of stabilization in prices and flows. Differences in provider tallies highlight variation in how daily flows are compiled.
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