Bitcoin ETFs Attract $221 Million, Snapping 10-Day Outflow Streak

U.S.-listed Bitcoin exchange-traded funds pulled in $221.7 million on Thursday, their largest single-day inflow in two months, effectively snapping a painful 10-day streak of outflows.

Fidelity’s FBTC dominated the session with nearly $166 million in new capital. The ARKB fund followed with $91.84 million. However, BlackRock’s IBIT, the world's largest Bitcoin ETF, bucked the trend with a $40.43 million outflow.

While the rebound offers relief after investors withdrew $2.73 billion during the recent streak, the broader landscape remains distressed. Year-to-date net outflows still total approximately $5.4 billion.

The influx coincided with Bitcoin's price recovery to roughly $61,700, following a dip to 21-month lows below $58,000 earlier in the week. Analysts caution that for a sustainable bull market to resume, these inflows must evolve into a consistent trend rather than a single-day anomaly.