
In short
- Bitcoin ETFs recorded net inflows of $239.9 million on Thursday, ending a six-day outflow that drained more than $2 billion from the products.
- BlackRock’s IBIT led the inflows with $112.4 million, while Fidelity’s FBTC and ARK’s ARKB contributed $61.6 million and $60.4 million, respectively.
- The reversal comes as on-chain metrics show easing sell-side pressure and whale wallets reportedly added more than 10,000 BTC recently.
U.S. exchange-traded Bitcoin funds recorded net inflows of nearly $240 million on Thursday, breaking a brutal six-day period in which investors pulled more than $2 billion from the products.
The inflows were led by BlackRock’s IBIT ($112.4 million), Fidelity’s FBTC ($61.6 million) and Ark 21Shares’ ARKB ($60.4 million), according to data from Farside Investors, providing a brief reprieve after one of the worst redemption weeks since the funds launched in January.
The collective turnaround follows a rough week that started last Friday, when the funds lost $470.7 million in a single day.
The outflows continued throughout the week, reaching $488.4 million on Monday and falling to $191.6 million the next day, before hitting a record $566.4 million on Tuesday, when IBIT saw no inflows and FBTC lost $356.6 million.
Ethereum ETFs followed a similar trajectory to BTC funds, recording $12.5 million in net inflows on Thursday after nearly a week of exits. ETH is trading around $2,235, down 4.5% in the past 24 hours, CoinGecko data shows.
“Bitcoin ETFs breaking outflows are another sign that accumulation is strengthening as assets trade around the $100,000 level,” Yaroslav Patsira, fractional director at CEX.IO, told me. Declutter. “Long-term holders have recently eased their selling pressure, while whale portfolios holding over 1,000 BTC have reportedly added over 10,000 BTC recently.”
Buyers test soils
Four consecutive sessions of roughly $1.3 billion in net outflows from U.S. spot Bitcoin ETFs turned “one of the strongest tailwinds of 2025 into near-term headwinds,” according to a QCP Capital report published Wednesday.
The new influx indicates renewed institutional interest Bitcoindown 20% from last month’s peak of $126,000, it is trading at $100,257, down 2.8% in the past 24 hours, according to CoinGecko data.
On the Myriad prediction market, users consider only a 26% chance that Bitcoin will hit another all-time high by the end of the year.
Disclosure: Myriad is owned by DeclutterDastan’s parent company.
“It is natural that this selling pressure would eventually dissipate,” Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, told me. Declutter. “As sellers are flushed out of the market and the price drops, BTC is starting to look like a more attractive buying opportunity again.”
The prevailing expectation remains that the bull market has not yet ended, Puckrin added, suggesting buyers are trying to take advantage of what could be “the last part of the pump.”
QCP Capital said Bitcoin’s dip below $100,000 on Tuesday pointed to weaker risk appetite due to a firmer dollar and Fed uncertainty, and that the $100,000 psychological threshold is a key line in the sand that could quickly shift sentiment if ETF flows stabilize.
Ray Youssef, co-founder and CEO of crypto app NoOnes, explains Declutter that while ETF inflows are turning positive are encouraging, “it is still too early to call a trend reversal,” with modest volumes and negative weekly averages pointing to “a technical recovery rather than a return to sustained demand.”
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