US Bitcoin Spot ETFs Flip to Over $200 Million Net Inflows in a Single Day, Led by BlackRock's IBIT

More than $200 million flowed back into US Bitcoin spot exchange-traded funds (ETFs) in a single day. According to data compiled by Farside Investors on the 1st (local time), the previous day's daily net inflows for US Bitcoin spot ETFs totaled $216.7 million. The direction reversed in just one day from net outflows in the prior trading session.

At the center of the inflows was BlackRock's IBIT. This product alone attracted $205.9 million, accounting for the vast majority of total net inflows. Fidelity's FBTC drew in $6.9 million, and Bitwise's BITB took in $4.3 million. MSBT and the Grayscale Bitcoin Mini Trust (BTC) also saw inflows of $3.6 million and $9.4 million, respectively.

In contrast, VanEck's HODL experienced $13.4 million in outflows. The remaining Bitcoin spot ETF products showed no net inflows or outflows.

This daily shift to net inflows comes on top of an improving supply-demand trend in recent weeks. The prior week, US Bitcoin spot ETFs recorded total net inflows of $924.5 million. Cumulative net inflows over the past two weeks reached $2.8 billion. This marks a clear expansion in fund inflows, breaking away from the stagnation or net outflows seen previously.

On a weekly basis, BlackRock's IBIT also attracted the most capital. Last week alone, it pulled in $938.3 million (approximately 11,845 BTC). The Grayscale Bitcoin Mini Trust received $81.9 million (approximately 1,034 BTC), and Fidelity's FBTC took in $62 million (approximately 783 BTC). MSBT also posted net inflows of $25.3 million (approximately 319 BTC).