US spot Bitcoin exchange-traded funds absorbed $233.1 million in net inflows on Thursday, their strongest daily intake in more than three weeks, lifting the group’s weekly balance back into positive territory, according to SoSoValue data.
The rebound brought net inflows for the week to $203.84 million with one trading session remaining. A Friday outflow exceeding that amount would be required to erase the week’s gains. Otherwise, the US-listed spot Bitcoin ETF group is set to record a fourth consecutive week of net additions.
BlackRock’s iShares Bitcoin Trust accounted for most of Thursday’s movement, drawing $183.4 million, or 78.7% of the day’s total inflows, SoSoValue reported. The concentration shows that the largest fund remains the main channel for ETF demand during periods when flows return after a weaker stretch.
Bitwise’s BITB added $20.7 million, while Fidelity’s FBTC received $15.5 million. Other spot Bitcoin ETFs posted smaller inflows, according to SoSoValue.
July flows recover after earlier redemptions
Thursday’s results pushed July’s running net inflow total to $437.8 million, based on SoSoValue figures. The month was on course to finish positive after two previous months of multibillion-dollar net outflows.
That reversal does not necessarily indicate a synchronized rise in Bitcoin’s market price. Bitcoin was trading at $64,338 when the figures were reported, down 1.8% over the preceding seven days, according to CoinGecko. The contrast between a softer weekly price and fresh ETF subscriptions suggests that some fund buyers continued adding exposure without waiting for a clear short-term market breakout.
ETF flows have become a closely watched measure of demand because fund issuers generally need to obtain Bitcoin when shares are created in response to net subscriptions. Daily figures can be volatile, particularly when institutional allocators rebalance positions, but multiweek flows provide a clearer indication of whether money is entering or leaving the products overall.
The latest four-week streak would extend a period of renewed demand after earlier redemptions put pressure on sentiment. It also places Friday’s session in focus: a modest inflow, or even a limited outflow, would leave the weekly result positive. Only a substantially larger withdrawal would reverse the week’s recovery.
BlackRock remains the dominant flow driver
BlackRock’s fund has repeatedly occupied an outsized role in the US spot Bitcoin ETF market, and Thursday’s figures reinforced that pattern. Its $183.4 million intake was more than eight times the inflow reported by Bitwise’s BITB and nearly 12 times Fidelity’s FBTC intake.
Such concentration means the headline ETF total can be heavily influenced by flows into a single vehicle. A strong day for BlackRock can offset smaller redemptions elsewhere, while an outflow from the fund can have the opposite effect. Readers tracking ETF demand should therefore distinguish between aggregate flows and participation across the full set of issuers.
SoSoValue reported that US exchange-traded funds tracking Bitcoin held more than $77.7 billion in total assets. The platform also put cumulative net capital inflows since the products began public trading above $51.2 billion.
Assets under management can rise or fall with Bitcoin’s price as well as with subscriptions and redemptions. Net-flow figures are therefore the more direct measure of new money entering the ETF structure, while asset totals reflect both demand and market performance.
Ether funds post smaller daily gains
US spot Ether ETFs recorded $13.3 million in net inflows on Thursday, according to SoSoValue. The daily gain was comparatively small beside the Bitcoin ETF intake, but it followed a July in which the Ether products posted losses during five trading sessions.
CoinGecko placed Ether at $1,905 at the time of reporting. Ether’s price had remained under pressure even as Thursday’s fund-flow data turned positive, mirroring the divergence seen in Bitcoin between daily ETF demand and short-term market performance.
The Ether ETF category remains less established than the Bitcoin group, and its flow profile has been more uneven. June recorded net inflows on four trading days, while July included several daily losses, according to the figures provided. That makes isolated positive sessions less conclusive than the sustained weekly pattern emerging in Bitcoin funds.
Standard Chartered analyst Geoffrey Kendrick has maintained a $7,500 year-end price target for Ether. His assessment rests partly on stablecoin activity and the role of Ethereum-based infrastructure in handling tokenized dollar transactions. The target remains an analyst forecast rather than a measure of current ETF demand, particularly while Ether fund flows continue to shift between inflows and redemptions.
Price levels remain separate from fund flows
Bitcoin’s move around $64,000 leaves the $60,000 area in focus for market participants watching recent price support. A break below that level could alter short-term trading conditions, though ETF flows alone cannot establish where Bitcoin will trade next.
Interest-rate expectations and broader risk appetite remain relevant to both crypto prices and ETF allocations. Higher borrowing costs can weigh on risk-sensitive assets, while a softer monetary outlook can support demand for liquid market exposure. Those forces help explain why fund inflows and spot prices can move in different directions over short periods.
For now, Thursday’s $233.1 million inflow has restored a positive weekly balance for US spot Bitcoin ETFs and put the category within reach of a fourth straight week of net additions. Friday’s closing flow data will determine whether that recovery holds into the end of the week.
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