Bitcoin ETF Inflows Return as Fidelity Leads Rebound
US spot Bitcoin ETFs drew $221.7M in net inflows, ending a 10-day withdrawal streak as BTC reclaimed $61,000.
Bitcoin ETF demand flashed back to life after one of the weakest flow stretches of the year.
What Happened
US spot Bitcoin ETFs recorded $221.7 million in net inflows on Thursday, according to SoSoValue data cited by Cointelegraph. The move ended a 10-day outflow streak that had pulled more than $2.7 billion from the funds.
Farside Investors data showed Fidelity's FBTC leading the rebound with $166 million in inflows, followed by ARK 21Shares with $91.8 million. BlackRock's IBIT still posted $40.4 million in outflows, extending pressure on the largest fund by assets.
The flow turn came as Bitcoin traded back above $61,000 after briefly slipping below $59,000. CoinGecko showed BTC near $62,500 on July 4, with the broader crypto market capitalization around $2.22 trillion.
Why It Matters
ETF flows have become one of the cleanest signals for institutional Bitcoin demand. The prior 10-session withdrawal streak had removed more than $2.7 billion from the products, so even one positive session matters because it tests whether risk-off allocations are cooling.
The rebound is not broad enough to call a trend. Fidelity and ARK carried the day, while BlackRock continued to lose assets. That split says investors are selectively adding exposure, not rotating back into every Bitcoin vehicle at once.
What to Watch
The next checkpoint is whether inflows persist across several sessions. A durable turn would support Bitcoin's attempt to hold the $61,000 to $62,000 area. A quick relapse into outflows would keep ETF demand in repair mode.
Key Takeaways
This is a developing market story. The first large positive Bitcoin ETF flow since May is constructive, but confirmation needs more than one session.
