US spot Bitcoin ETFs booked $233.1 million in inflows on Thursday, the strongest daily haul in more than three weeks, led by BlackRock's IBIT and pushing the funds back into positive territory for the week. Spot Ether ETFs added $13.3 million as July remains on pace to snap a two-month streak of outflows.
US spot Bitcoin ETFs booked $233.1 million in daily inflows on Thursday, their strongest single-day total in more than three weeks. The gains flip Bitcoin ETFs into positive territory for the week.
BlackRock's iShares Bitcoin Trust (IBIT) led the gains with $183.4 million in net inflows, or 78.7% of Thursday's total, according to SoSoValue data. Bitwise's BITB attracted $20.7 million, followed by Fidelity's FBTC with $15.5 million, while several other funds posted smaller inflows.
That leaves Bitcoin ETFs with $203.84 million in net inflows for the week. Barring a net outflow above that value on Friday, the funds could close their fourth straight week in the green.
July is also $437.8 million in the green after Thursday's inflows. The month is on pace to snap a two-month streak of multibillion-dollar outflows. Bitcoin traded at $64,338 at the time of writing, down 1.8% over the past week, according to CoinGecko.
Spot Ether ETFs logged $13.3 million in net inflows on Thursday. The funds recorded losses in just five trading sessions throughout July, after posting net inflows on only four trading days in June. Ether traded at $1,905 at the time of writing.
Source: Cointelegraph.com News
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