Spot Bitcoin ETFs posted their strongest single-day inflows in two months, with most of the demand coming from issuers other than BlackRock’s IBIT.
U.S.-listed Bitcoin ETFs brought in $221.7 million on Thursday, marking the largest daily inflow in roughly eight weeks, according to SoSoValue data.
Fidelity’s FBTC led the pack with $165.96 million in inflows, followed by ARKB at $91.84 million and HODL at $4.35 million. BlackRock’s IBIT, the largest Bitcoin ETF by assets, bucked the trend with $40.43 million in outflows.
The inflows ended a 10-day streak of withdrawals that had drained about $2.73 billion from Bitcoin funds. Despite the rebound, year-to-date flows remain deeply negative at roughly $5.4 billion in net outflows.
Although Thursday’s figures mark a notable short-term shift, they are small compared with the broader selling pressure seen earlier in the year. Still, they offer some relief for bulls and support Bitcoin’s recovery toward $61,700 after briefly dipping below $58,000 this week.
That said, a durable recovery will likely depend on sustained ETF inflows rather than one-off spikes, as previous bull markets have typically been accompanied by consistent institutional demand.
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