US spot bitcoin ETFs snapped a 10-day negative streak Thursday with $222 million in net inflows, according to market data. The reversal marked the first day of inflows since last week, though the rebound remained modest relative to the scale of recent outflows.
BlackRock's IBIT fund bucked the broader trend, recording $40.4 million in net outflows and extending its own negative streak. IBIT, which launched in January 2024 as the second spot bitcoin ETF after Fidelity's FBTC, has been losing assets as smaller competitors and ARK's BITB fund capture a growing share of the market.
The data offers a snapshot of Thursday's single trading session. Bitcoin itself was trading around $61,659 at the time. Without additional reporting on which funds drove the inflows or what prompted the shift after ten days of withdrawals, the significance of one day's reversal remains unclear. It could reflect tactical rebalancing, retail repositioning, or simple market rhythm, but the market data alone does not distinguish between them.
The 10-day outflow streak had weighed on the broader ETF complex and raised questions about institutional appetite for spot bitcoin exposure. Thursday's influx suggests that period may not have signaled sustained disengagement, at least not yet. How long the inflow trend persists will matter more than any single day's movement.