Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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US spot Bitcoin exchange-traded funds (ETFs) have rebounded sharply, recording over $1 billion in net inflows across Wednesday and Thursday after a brief setback on Tuesday that saw $342.2 million in outflows.
Key Takeaways:
- US spot Bitcoin ETFs saw a strong rebound with over $1 billion in net inflows.
- Fidelity’s FBTC led inflows with $421 million in two days, while BlackRock’s IBIT attracted $224.5 million.
- Year-to-date, the ETFs have attracted $14.5 billion in net inflows.
The turnaround signals renewed investor confidence, with cumulative inflows since launch approaching the $50 billion mark.
According to data from Farside Investors, Wednesday brought $407.8 million in net inflows, followed by $601.8 million on Thursday.
Fidelity’s FBTC Tops Bitcoin ETF Inflows With $421M Over Two Days
Fidelity’s FBTC led the charge both days, adding $184 million and $237.1 million, respectively.
BlackRock’s flagship IBIT fund, typically the top performer, saw an uncharacteristic pause at the start of July with two days of zero flows — its first since April — but bounced back strongly on Thursday with $224.5 million in new inflows.
This week’s rally resumed the positive trend from June, when the ETFs logged a 15-day streak totaling $4.7 billion in net inflows, 81% of which flowed into BlackRock’s IBIT.
Year-to-date, U.S. spot Bitcoin ETFs have now attracted $14.5 billion in net inflows and control nearly $128 billion in assets under management, led by IBIT’s $73.6 billion.
Commenting on IBIT’s explosive growth, Nate Geraci, president of NovaDius Wealth Management, noted it has already become BlackRock’s third-highest revenue-generating ETF out of 1,197 products, surpassing even some of the firm’s flagship traditional funds.
Bloomberg’s Senior ETF Analyst Eric Balchunas added that IBIT is just $9 billion away from becoming BlackRock’s top ETF by revenue.
Thursday also saw the highest daily trading volume for Bitcoin ETFs since May, hitting $5.3 billion, with IBIT contributing $4.1 billion.
Since their debut in January 2024, the ETFs have recorded more than $1 trillion in cumulative trading volume, highlighting their role in drawing institutional and retail investors into Bitcoin exposure through regulated vehicles.
Analysts See 95% Odds of Solana, XRP, Litecoin ETF Approvals
Last week, Balchunas and Seyffart assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products.
They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors.
While the final deadlines for individual altcoin ETFs arrive in October, the analysts predict 90% approval odds for other tokens like Dogecoin and Cardano by year-end, but note Sui and Tron ETFs face more regulatory uncertainty with only 60% and 50% odds, respectively.
In April, Balchunas revealed that more than 70 cryptocurrency ETFs are currently awaiting review by the SEC.
The lineup features a broad range of digital assets beyond Bitcoin, including XRP, Litecoin, Solana, Dogecoin, and various crypto derivatives.
