Bitcoin ETFs see $221M inflow, ending 10-day outflow streak but YTD outflows still high.
U.S.-listed Bitcoin ETFs experienced a significant inflow of $221.7 million on Thursday, marking their largest daily inflow in two months and ending a 10-day streak of outflows totaling $2.73 billion. Fidelity’s FBTC led with nearly $166 million in new investments, while BlackRock’s IBIT saw a $40.43 million outflow. Despite this rebound, year-to-date net outflows remain substantial at around $5.4 billion. Analysts caution that sustained inflows are necessary to confirm a lasting recovery for Bitcoin, which recently rebounded to about $61,700 after hitting lows under $58,000 earlier in the week.
U.S.-listed Bitcoin ETFs experienced a significant inflow of $221.7 million on Thursday, marking their largest daily inflow in two months and ending a 10-day streak of outflows totaling $2.73 billion. Fidelity’s FBTC led with nearly $166 million in new investments, while BlackRock’s IBIT saw a $40.43 million outflow. Despite this rebound, year-to-date net outflows remain substantial at around $5.4 billion. Analysts caution that sustained inflows are necessary to confirm a lasting recovery for Bitcoin, which recently rebounded to about $61,700 after hitting lows under $58,000 earlier in the week.
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