Bitcoin ETF Inflows Surge

On Thursday, Bitcoin exchange-traded funds (ETFs) logged a total of $165 million worth of inflows, according to data from SoSoValue.

These products have now seen five consecutive days of inflows, indicating that institutional demand is returning after a prolonged period of significant outflows. Bitcoin ETFs had previously suffered over $6 billion in outflows within two months as investors grew cautious amid global trade tensions and recession fears.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for nearly all recent inflows, adding $172 million. Other funds like Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust ETF (GBTC) also saw positive inflows, with $9.19 million and $5.22 million, respectively.

Conversely, several Bitcoin ETFs experienced withdrawals on Thursday, with the Bitwise Bitcoin ETF (BITB) the hardest hit, losing $17.4 million. Grayscale’s GBTC also faced outflows nearing $8 million.

As for Bitcoin’s price, it remains relatively stable, currently trading at $84,152, having dipped by 2.1% over the last 24 hours.