US spot Bitcoin ETFs top $200M in daily inflows for first time since May
US-listed spot Bitcoin ETFs posted a strong rebound, taking in $221.7 million in net inflows on Thursday, their first daily inflow above $200 million since early May. That ended a 10-day outflow streak that had drained more than $2.7 billion, following June’s record $4.5 billion in net withdrawals. The recovery came as Bitcoin moved back above $61,000 after briefly dropping below $59,000, while market sentiment remained in “extreme fear.” Fidelity’s FBTC led the inflows with $166 million, followed by ARKB with $91.8 million. BlackRock’s IBIT was an outlier, still seeing $40.4 million in outflows and extending a lengthy losing streak. Inflows also returned to altcoin products, with US spot Ether ETFs adding $29.1 million and XRP ETFs bringing in $6.6 million. The broader crypto market rose 2.4% to $2.22 trillion.
