Bitcoin Just Flipped the Script: $221 Million Floods Back Into ETFs After Massive Sell-Off
After enduring weeks of heavy investor withdrawals, US-listed spotBitcoinexchange-traded funds (ETFs) have staged a notable recovery, recording their largest single-day inflow since early May. Fresh data shows. . .
After enduring weeks of heavy investor withdrawals, US-listed spotBitcoinexchange-traded funds (ETFs) have staged a notable recovery, recording their largest single-day inflow since early May. Fresh data shows the funds attracted$221. 7 million in net investments on Thursday, bringing an end to a prolonged period of selling pressure that had weighed heavily on the sector. Recovery Ends 10 Consecutive Days of Investor WithdrawalsThe latest figures mark a significant turnaround for Bitcoin ETFs, which had experienced10 straight trading sessions of net outflowsbefore Thursday’s rebound. During that losing streak, investors withdrew more than$2. 7 billion, contributing to one of the weakest periods for the products since their launch. June proved especially difficult for themarket, with US spot Bitcoin ETFs recording a monthly net outflow of approximately$4. 5 billion, the largest monthly withdrawal on record. Bitcoin Price Rebound Boosts Investor ConfidenceThe renewed interest in Bitcoin investment products coincided with a recovery in the cryptocurrency’s market price. Bitcoin climbed back above$61,000after briefly slipping below$59,000earlier in the week. The price recovery has encouraged some market participants to believe that selling pressure may be easing. Several analysts have suggested the recent weakness could represent a market bottom, although investor sentiment remains cautious. Suggested Readings (News continues below)The widely followedFear & Greed Indexcontinued to register an“Extreme Fear”reading on Friday, highlighting lingering uncertainty across the cryptocurrency market. Fidelity Dominates the Day’s ETF InflowsAmong all US spot Bitcoin ETFs,Fidelity’s Wise Origin Bitcoin Fund (FBTC)attracted the largest share of new investments. The fund brought in$166 million, representing roughly three-quarters of the day’s total net inflows. Other funds also posted gains, with theARK 21Shares Bitcoin ETF (ARKB)recording$91. 8 millionin fresh investments. Meanwhile, theVanEck Bitcoin ETF (HODL)added$4. 4 million, while theValkyrie Bitcoin Fund (BRRR)received approximately$1. 7 millionin new capital. BlackRock Fund Continues to Face Selling PressureDespite the broader market recovery,BlackRock’s iShares Bitcoin Trust (IBIT)remained an exception. The largest US spot Bitcoin ETF by assets recorded another$40. 4 million in net outflowson Thursday, extending its withdrawal streak to11 consecutive trading sessions. Since June 17, investors have pulled more than$2. 2 billionfrom the fund, making it one of the few major Bitcoin ETFs yet to participate in the recent recovery. Ether and XRP Investment Products Also Gain GroundThe positive momentum was not limited to Bitcoin-focused funds. US-listedspot Ether ETFsattracted$29. 1 millionin net inflows on Thursday after adding$14. 9 millionthe previous trading day. Investment products tied toXRPalso returned to positive territory, collecting$6. 6 millionin new investments after two consecutive sessions of net withdrawals. Crypto MarketValue Climbs as Prices RecoverThe broader cryptocurrency market also strengthened alongside Bitcoin’s rebound. The total global cryptocurrency market capitalization increased by2. 4% over the previous 24 hours, reaching approximately$2. 22 trillionas investors responded to improving price action. Although recent inflows suggest confidence may be gradually returning, market sentiment remains cautious, with traders continuing to monitor price movements and institutional investment trends for signs that a more sustained recovery is taking shape.