In A Nutshell:
U.S. spot bitcoin ETFs have achieved their longest streak of positive net inflows, marking 18 consecutive days, with BlackRock’s IBIT leading the surge by attracting $350 million in net inflows on Thursday. Despite some ETFs like Ark Invest’s ARKB and Grayscale’s converted GBTC experiencing significant outflows, the total net inflows for all 11 spot bitcoin ETFs have reached $15.56 billion since January, indicating a recovery from a lull in April and May, though still below the peak in March.U.S. spot bitcoin exchange-traded funds (ETFs) are currently experiencing their longest streak of positive inflows since their inception, recording their 18th consecutive day of net inflows as of Thursday. On this day, the 11 ETFs collectively saw a net inflow of $217.78 million, driven primarily by substantial investments in BlackRock’s IBIT, the largest spot bitcoin ETF by net assets. BlackRock's IBIT attracted an impressive $350 million in net inflows on Thursday alone, according to data from SoSoValue.
Other notable contributors to the positive flow included Fidelity’s and VanEck’s bitcoin ETFs, which also recorded net inflows, although their contributions were significantly smaller compared to BlackRock's IBIT. In contrast, Ark Invest’s ARKB ETF experienced significant net outflows, with $96.6 million withdrawn, marking one of the largest single-day exits from the fund. Grayscale’s recently converted GBTC saw net outflows of $37.5 million, while Bitwise’s BITB reported net outflows of $3 million. The remaining five spot bitcoin ETFs, including Invesco’s BTCO, reported no activity in terms of inflows or outflows on Thursday.
Overall, these 11 spot bitcoin ETFs have accumulated a total net inflow of $15.56 billion since their launch in January. This positive streak reflects a recovery from a stagnation in fund flows observed during April and May, although the current figures still lag behind the peak inflows recorded in March. The data, provided by The Block’s data dashboard, highlights the fluctuating yet overall positive trend in investor interest and confidence in bitcoin ETFs.
