Key facts
- U.S.-listed Bitcoin ETFs attracted $221.7 million in inflows on Thursday.
- This inflow ended a 10-day outflow streak.
- Fidelity's FBTC saw the largest inflow at $165.96 million.
- BlackRock's IBIT experienced an outflow of $40.43 million.
- Year-to-date net outflows from Bitcoin ETFs stand at $5.4 billion.
U.S.-listed Bitcoin exchange-traded funds (ETFs) experienced a significant inflow of $221.7 million on Thursday, marking the largest daily intake in two months and breaking a consecutive 10-day streak of outflows. Fidelity's FBTC was the primary driver, attracting $165.96 million, while BlackRock's IBIT, the largest Bitcoin ETF, saw an outflow of $40.43 million. This influx offers a brief respite after investors pulled approximately $2.73 billion from these funds over the preceding ten days. Despite this rebound, the year-to-date net outflows from Bitcoin ETFs remain substantial at around $5.4 billion. Analysts suggest that a sustained trend of inflows is necessary to confirm a lasting recovery for Bitcoin, which has recently rebounded to approximately $61,700 after dipping to 21-month lows below $58,000.