Key Takeaways
- • BlackRock's IBIT bitcoin ETF led a $102.67 million net inflow day on Thursday with a commanding $195.57 million inflow, reversing the previous day's nine-session inflow streak and offsetting significant outflows from competitors.
- • Bitcoin ETF net assets reached $109.34 billion with $2.99 billion in inflows over the past 30 days, providing institutional support as BTC price climbed above $86,000.
- • Fidelity's FBTC and Grayscale's GBTC experienced notable outflows of $60.73 million and $31.39 million respectively, while Grayscale's Bitcoin Mini Trust added $14.59 million and Morgan Stanley's MSBT brought in $7.04 million.
- • Ether ETFs recorded a third consecutive day of outflows totaling $55.37 million, with Fidelity's FETH losing $23.50 million and Grayscale's ETHE shedding $20.39 million, while ether net assets fell to $17.71 billion.
- • Daily bitcoin ETF trading volume reached $1.97 billion, indicating sustained institutional activity despite mixed flows across competing fund managers.
Summary
U.S. bitcoin ETFs returned to positive territory on Thursday following a day-long pause in inflows, attracting $102.67 million in net capital. BlackRock's IBIT led the recovery with exceptional strength, capturing $195.57 million—more than sufficient to absorb meaningful withdrawals from other providers. This rebound coincided with bitcoin's price climb above $86,000, reinforcing institutional appetite for spot bitcoin exposure through regulated ETF structures.
The inflow composition revealed a concentrated institutional preference for BlackRock's product over competitors. Grayscale's Bitcoin Mini Trust added $14.59 million and Morgan Stanley's MSBT contributed $7.04 million, while larger competitors faced redemptions. Fidelity's FBTC led outflows with $60.73 million, followed by Grayscale's flagship GBTC product, which lost $31.39 million. Ark & 21Shares' ARKB and Bitwise's BITB shed $7.72 million and $6.89 million respectively. Daily trading volume of $1.97 billion reflected sustained institutional engagement, while cumulative net assets in bitcoin ETFs reached $109.34 billion.
The broader 30-day trend demonstrated robust institutional backing, with bitcoin ETFs accumulating $2.99 billion in net inflows despite day-to-day volatility. This liquidity influx provided structural support as bitcoin approached price resistance levels above $86,000.
Ether ETFs, by contrast, extended weakness into a third consecutive session, recording $55.37 million in net outflows. Fidelity's FETH declined $23.50 million and Grayscale's ETHE lost $20.39 million, while Vaneck's ETHV and Franklin's EZET posted withdrawals of $6.90 million and $6.13 million. Only Grayscale's Ether Mini Trust generated positive flows at $1.55 million. Ether ETF net assets contracted to $17.71 billion with $539.57 million in daily trading volume, signaling selective institutional reallocation away from ethereum exposure.
The inflow composition revealed a concentrated institutional preference for BlackRock's product over competitors. Grayscale's Bitcoin Mini Trust added $14.59 million and Morgan Stanley's MSBT contributed $7.04 million, while larger competitors faced redemptions. Fidelity's FBTC led outflows with $60.73 million, followed by Grayscale's flagship GBTC product, which lost $31.39 million. Ark & 21Shares' ARKB and Bitwise's BITB shed $7.72 million and $6.89 million respectively. Daily trading volume of $1.97 billion reflected sustained institutional engagement, while cumulative net assets in bitcoin ETFs reached $109.34 billion.
The broader 30-day trend demonstrated robust institutional backing, with bitcoin ETFs accumulating $2.99 billion in net inflows despite day-to-day volatility. This liquidity influx provided structural support as bitcoin approached price resistance levels above $86,000.
Ether ETFs, by contrast, extended weakness into a third consecutive session, recording $55.37 million in net outflows. Fidelity's FETH declined $23.50 million and Grayscale's ETHE lost $20.39 million, while Vaneck's ETHV and Franklin's EZET posted withdrawals of $6.90 million and $6.13 million. Only Grayscale's Ether Mini Trust generated positive flows at $1.55 million. Ether ETF net assets contracted to $17.71 billion with $539.57 million in daily trading volume, signaling selective institutional reallocation away from ethereum exposure.
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