U.S. spot Bitcoin exchange-traded funds (ETFs) have achieved their longest streak of consecutive net inflows since their inception, recording an 18-day run of positive flows as of Thursday.
The 11 spot Bitcoin ETFs collectively saw a net inflow of $217.78 million, with BlackRock’s IBIT leading the charge. The largest spot Bitcoin ETF by net assets, IBIT, drew in $350 million in net inflows on Thursday, according to data from SoSoValue. Other notable ETFs, such as those from Fidelity and VanEck, also reported positive net inflows, although their contributions were significantly smaller compared to BlackRock’s IBIT.
However, not all ETFs experienced positive flows. Ark Invest’s ARKB recorded net outflows of $96.6 million, marking one of the largest fund exits from the ETF. Similarly, Grayscale’s recently converted GBTC saw net outflows of $37.5 million, and Bitwise’s BITB reported net outflows of $3 million. In contrast, the remaining five spot Bitcoin ETFs, including Invesco’s BTCO, saw no flows on Thursday.
Since their launch in January, the 11 spot Bitcoin ETFs have amassed a total net inflow of $15.56 billion. This recent streak of net inflows indicates a recovery from the stagnation observed in April and May, although the current inflows are still lower than the peak levels recorded in March, according to The Block’s data dashboard. These sustained positive net inflows, particularly driven by BlackRock’s IBIT, underscore a continued strong interest and confidence in Bitcoin as an asset class among investors.