U.S. spot Bitcoin exchange-traded funds (ETFs) have marked a significant milestone, achieving their longest streak of consecutive net inflows since their inception. As of Thursday, these ETFs have experienced 18 days of positive flows.
Collectively, the 11 spot Bitcoin ETFs garnered a net inflow of $217.78 million, with BlackRock’s IBIT taking the lead. According to data from SoSoValue, IBIT, the largest spot Bitcoin ETF by net assets, attracted $350 million in net inflows on Thursday alone. Other notable ETFs, such as those from Fidelity and VanEck, also reported positive net inflows, though their contributions were substantially smaller compared to BlackRock’s IBIT.
However, the inflow trend was not universal across all ETFs. Ark Invest’s ARKB saw net outflows of $96.6 million, marking one of the largest withdrawals from any ETF. Similarly, Grayscale’s recently converted GBTC recorded net outflows of $37.5 million, and Bitwise’s BITB experienced net outflows of $3 million. In contrast, five other spot Bitcoin ETFs, including Invesco’s BTCO, reported no flows on Thursday.
Since their launch in January, the 11 spot Bitcoin ETFs have amassed a total net inflow of $15.56 billion. This recent streak of net inflows suggests a recovery from the stagnation observed in April and May, although the current inflows remain below the peak levels recorded in March, according to The Block’s data dashboard. These sustained positive net inflows, especially driven by BlackRock’s IBIT, highlight a continued strong interest and confidence in Bitcoin as an asset class among investors.
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