Spot Bitcoin ETFs traded in the US saw robust inflows after weeks of persistent outflows. According to SoSoValue data, these funds attracted a net $221.7 million on Thursday, signaling a clear turnaround following a 10-session run of withdrawals totaling more than $2.7 billion.
Outflow streak broken after 10 days
This surge in capital came after one of the weakest stretches of the year for US spot Bitcoin ETFs. In June alone, net outflows from these funds reached $4.5 billion, marking the sharpest monthly decline within the year and highlighting investor caution amid market pressures.
The shift in ETF flows coincided with Bitcoin’s rebound above $61,000 after briefly dipping below $59,000. Some market watchers interpret this move as a sign that Bitcoin could be moving closer to a bottom, reflecting renewed confidence among certain investors.
Bitwise Chief Investment Officer Matt Hougan suggested the market may be near a bottom.
Despite the fresh inflows, overall risk appetite has yet to fully recover. On Friday, the Fear and Greed Index calculated by Alternative.me signaled a sentiment of “extreme fear” among crypto investors. This widely followed indicator continues to show caution dominating the market mood.
Fidelity leads the recovery
Farside Investors data revealed that a substantial portion of Thursday’s inflows were directed toward Fidelity’s Wise Origin Bitcoin Fund. Trading under the ticker FBTC, the fund drew in $166 million—or approximately three-fourths of the day’s total net inflows. Farside Investors is recognized for its ongoing monitoring of ETF flows.
The ARK 21Shares Bitcoin ETF followed with $91.8 million in inflows. VanEck’s Bitcoin ETF received an additional $4.4 million, while the Valkyrie Bitcoin Fund saw net inflows of $1.7 million.
| Fund | Net Flow |
|---|---|
| Fidelity FBTC | + $166 million |
| ARKB | + $91.8 million |
| VanEck HODL | + $4.4 million |
| Valkyrie BRRR | + $1.7 million |
| BlackRock IBIT | – $40.4 million |
Meanwhile, outflows persisted in BlackRock’s iShares Bitcoin Trust. As the largest US spot Bitcoin ETF by assets, IBIT recorded a $40.4 million net outflow on Thursday. Since June 17, the fund has lost over $2.2 billion in an ongoing 11-session withdrawal streak.
Altcoin ETF inflows accelerate
The rebound in investor interest was not limited to Bitcoin. US spot Ether ETFs registered a net inflow of $29.1 million on Thursday, up from $14.9 million the previous day. XRP ETFs also returned to positive territory with $6.6 million in net inflows, after two consecutive sessions of withdrawals.
US spot Ether ETFs posted two straight days of net inflows, while XRP ETFs returned to positive flows after consecutive outflows.
CoinGecko data indicates that the total global cryptocurrency market value rose by 2.4% in the past 24 hours, reaching $2.22 trillion. Bitcoin’s move back above $61,000, aligned with revitalized ETF inflows, suggests easing pressure and a potential shift in overall crypto market sentiment.
