After weeks of relentless selling, U.S. spot Bitcoin ETFs finally caught a breather on Thursday, pulling in $221.7 million in net inflows — the strongest single-day figure since early May, according to SoSoValue data. The surge snapped a painful 10-session outflow streak that had drained over $2.7 billion from the funds.
The timing wasn't random. Bitcoin had just clawed back above $61,000 after briefly dipping below $59,000, and voices like Bitwise CIO Matt Hougan were floating the idea that a market bottom could be forming — even as the Fear & Greed Index from Alternative.me sat squarely at "extreme fear."
Fidelity carried the weight
Its Wise Origin Bitcoin Fund (FBTC) alone accounted for roughly 75% of the day's haul, attracting $166 million. ARK 21Shares' ARKB added another $91.8 million, with smaller contributions from VanEck's HODL ($4.4 million) and Valkyrie's BRRR ($1.7 million).
Notably absent from the rally was BlackRock. Its iShares Bitcoin Trust (IBIT) — the largest spot Bitcoin ETF by assets — continued bleeding with $40.4 million in outflows, extending an 11-session losing run that has now cost the fund over $2.2 billion since June 17.
Beyond Bitcoin, altcoin ETFs joined the recovery
Spot Ether funds attracted $29.1 million, building on the prior day's $14.9 million. XRP ETFs pulled in $6.6 million after two straight sessions of outflows. Overall, the global crypto market cap rose 2.4% to $2.22 trillion, per CoinGecko.
June had been brutal for Bitcoin ETFs, with a record $4.5 billion in net outflows across the month. Whether Thursday marks a genuine turning point or just a brief pause in the selling remains to be seen — but for the first time in weeks, money is flowing back in.
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