U.S. spot Bitcoin ETFs post $221.7 million inflow, snapping 10-day withdrawal streak
Investor demand returns to U.S.-listed spot Bitcoin exchange-traded funds on Thursday, producing their strongest single-day intake in two months after a prolonged run of withdrawals. The rebound is led by Fidelity's FBTC and comes as bitcoin recovers toward $61,700 after falling below $58,000 earlier this week.
Highlights
- U.S.-listed spot Bitcoin ETFs saw $221.7 million in net inflows on Thursday, ending a 10-day outflow streak that withdrew $2.73 billion.
- Fidelity's FBTC led with $165.96 million in inflows, while BlackRock's IBIT posted a $40.43 million outflow, and total inflows marked the largest in two months.
- Despite Thursday's rebound, year-to-date net flows for U.S. spot Bitcoin ETFs remain negative at approximately $5.4 billion, underlining persistent market headwinds.
Fund flows reverse after prolonged selling
As reported by CoinDesk, U.S.-listed spot Bitcoin ETFs draw $221.7 million of net inflows on Thursday, based on data from SoSoValue, ending a 10-day outflow streak that had drained $2.73 billion from the products.Fidelity's FBTC leads the session with $165.96 million in new money, followed by ARKB with $91.84 million and HODL with $4.35 million. BlackRock's IBIT, the largest Bitcoin ETF, stands out as the exception with a $40.43 million outflow.
The day's total marks the biggest inflow for the group in two months, offering a sharp contrast to the sustained selling pressure that dominates recent trading in the funds.
Recovery hopes face year-to-date pressure
Despite Thursday's rebound, year-to-date net flows remain deeply negative at about $5.4 billion, showing that the latest buying only offsets a small portion of the broader withdrawals seen this year.The turnaround nevertheless supports bitcoin's recovery toward $61,700 after the token hits 21-month lows below $58,000 earlier in the week. Market participants still need to see a sustained run of ETF inflows to view the move as a more durable recovery, as steady allocations into these products have historically accompanied stronger bull-market phases.
In our earlier article on Bit Digital (BTBT) shares, we highlighted that the stock remained under heavy technical selling pressure and traded below key moving averages, with multiple indicators signaling bearish momentum despite oversold readings. We also pointed to $1.86 as near-term resistance and flagged $1.54 as a critical support level, warning that a break lower could accelerate declines.
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