US spot Bitcoin (BTC) exchange-traded funds drew $233.1 million on Thursday, their strongest daily haul in more than three weeks, pushing the week back into positive territory.
Key Points:
- US spot Bitcoin ETFs took in $233.1 million on Thursday, the largest single-day total in over three weeks.
- BlackRock's IBIT supplied $183.4 million of that, or 78.7% of the day's net inflows.
- July now stands $437.8 million in the green after two months of multibillion-dollar outflows.
ETF Inflows Led By BlackRock IBIT
BlackRock's iShares Bitcoin Trust, known by the ticker IBIT, absorbed $183.4 million of that sum, or 78.7% of the day's net inflows, according to figures tracked by SoSoValue. Bitwise's BITB followed with $20.7 million, and Fidelity's FBTC added $15.5 million. Several smaller funds also posted gains, leaving BlackRock responsible for nearly four fifths of the tally.
The result flipped the funds back into the black for the week, leaving them at $203.84 million in net inflows. A Friday outflow smaller than that figure would give the group a fourth straight positive week, its longest run since early May.
July now stands $437.8 million in the green, against roughly $205 million before Thursday's session. That earlier total ranked as the thinnest monthly intake on record for the group, even with the month on the right side of zero. A finish near current levels would still snap a two-month run of multibillion-dollar redemptions.
Also Read: DEX Volume Sinks 26% In July As On-Chain Liquidity Thins Out
BTC Price Support Sits Near $63,300
Bitcoin changed hands near $64,338 on Thursday, down about 1.8% over the past week and well under the $66,000 it touched earlier in the month. Analysts at Marex singled out the 200-week moving average around $63,300 as the level that settles the argument, saying a slip under $62,500 would hand bears a target near $60,000.
Spot Ether (ETH) funds added $13.3 million on the same day, with Ether trading close to $1,905. Those products lost money in only five sessions during July, after posting net inflows on just four trading days in June. Ether funds have gathered $342.85 million this month, tracking an 11% gain in the ether-bitcoin pair.
Bitcoin ETF Flows Rebuild After Record June Exit
The turn follows two punishing months, and a longer stretch in which the group bled capital for eight consecutive weeks dating back to mid-May.
Investors withdrew $2.43 billion in May and $4.52 billion in June, the heaviest monthly exit since the products began trading in January 2024.
Weekly flows turned positive in the second week of July and have held there since, though the gains stayed slim at $197 million, $75.67 million and $33.79 million.
A four-day outflow streak broke on Jul. 29 with a $32.1 million inflow, nearly all of it supplied by IBIT. Cumulative net inflows into the BlackRock fund now sit above $60 billion, far ahead of every rival in the category.
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