Bitcoin ETF · Bitcoin · Federal Reserve (FED) · Kevin Warsh · Decrypt
Bitcoin ETFs Draw In $222 million, Snapping 10-Day Losing Streak
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
U.S. spot Bitcoin ETFs returned to net inflows on Thursday, snapping a 10-day losing streak, as a weak jobs report and softer signals from the Federal Reserve eased pressure on risk assets.
Key facts
- Fidelity's FBTC led with $166 million, followed by ARKB at $91.8 million and VanEck's HODL at $4.4 million
- The inflow ended a stretch that drained about $2.7 billion from the funds and closed out a miserable June, the worst month on record for U.S. spot Bitcoin ETFs, which bled around $4.5 billion
- Warsh's comments "improved overall market sentiment," driving inflows to Bitcoin ETFs and sparking Bitcoin's rebound over $61,000, Andri Fauzan Adziima, research lead at Bitrue Research Institute
- The funds pulled in $221.7 million, their largest daily haul in about two months, according to data from SoSoValue
Summary
U.S. spot Bitcoin ETFs took in $221.7 million on Thursday, their biggest daily inflow in about two months, ending a 10-day outflow streak. The streak pulled some $2.7 billion from the funds and capped June, the worst month on record for the products, with about $4.5 billion in outflows. Fidelity's FBTC led with $166 million, while BlackRock's IBIT bucked the trend with a $40 million outflow. The funds pulled in $221.7 million, their largest daily haul in about two months, according to data from SoSoValue.