Bitcoin ETFs Surge with $233M Inflows, Mark Strongest Daily Gain
Bitcoin ETFs have seen significant inflows in recent days, pushing the week into positive territory. According to data from SoSoValue, US spot Bitcoin exchange-traded funds (ETFs) attracted $233.1 million on Thursday, with BlackRock's iShares Bitcoin Trust (IBIT) leading the gains at $183.4 million.
This represents 78.7% of the day's total inflows and marks the strongest daily gain for these funds in over three weeks. Other notable ETFs include Bitwise's BITB, which saw $20.7 million in net inflows, and Fidelity's FBTC with $15.5 million.
As a result, Bitcoin ETFs have now recorded $203.84 million in net inflows for the week, leaving them on track to close their fourth consecutive week in the green. Additionally, July has seen a significant turn-around, with over $437.8 million in net inflows after Thursday's additions.
Bitcoin itself has traded at around $64,338 over the past week, down 1.8% according to CoinGecko. Meanwhile, spot Ether ETFs logged $13.3 million in net inflows on Thursday, marking a shift from June's trend of losses.