U.S. spot Bitcoin ETFs recorded a dramatic $1 billion net inflow rebound over two consecutive days, bringing cumulative inflows to nearly $50 billion since their debut in January 2024.
Bitcoin ETFs See Strong Demand Following Market Dip
After suffering $342.2 million in net outflows on Tuesday, U.S. spot Bitcoin ETFs surged back into positive territory with $407.8 million in net inflows on Wednesday, followed by $601.8 million on Thursday, per data compiled by The Block.
Fidelity’s FBTC led the charge, adding $421.1 million across both days, while BlackRock’s IBIT returned to positive flows with a $224.5 million gain on Thursday.
This strong investor appetite coincided with Bitcoin’s price rebounding 5%, climbing from $105,000 to briefly trade above $110,000 before correcting.
Cumulative Inflows Near $50B, Led by IBIT
Since their inception, U.S. spot Bitcoin ETFs have accumulated:
- $49.7 billion in total net inflows
- $14.5 billion in year-to-date flows
- Nearly $128 billion in combined assets under management (AUM)
BlackRock’s IBIT remains the dominant fund, managing $73.6 billion in AUM, accounting for over 57% of the ETF market share.
ETF analysts noted that IBIT is now BlackRock’s third highest revenue-generating ETF across 1,197 funds and is poised to become #1 with just $9 billion more in AUM.
Daily Volumes Hit 6-Week Highs
ETF trading volumes surged to $5.3 billion on Thursday, the highest daily total since May, led again by IBIT’s $4.1 billion.
Cumulative trading volume for Bitcoin ETFs has now exceeded $1 trillion since launch, with ETFs contributing to around 28% of total spot BTC market volume.
Ethereum and Solana ETFs Also See Growth
The positive momentum extended to other crypto ETFs:
- U.S. Ethereum spot ETFs brought in $148.5 million, with BlackRock’s ETHA taking in $85.4 million.
- The newly launched Solana staking ETF from REX Shares and Osprey Funds attracted $11.4 million on its debut day.
Institutional Appetite Signals Ongoing Risk-On Sentiment
“Institutional demand remains strong as BTC nears all-time highs,” said Valentin Fournier, Lead Analyst at BRN.
Bitcoin dominance rose to 64.6%, historically a threshold that precedes altcoin outperformance, potentially signaling an incoming altseason if BTC consolidates near current highs.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.