Bitcoin ETFs See $1 Billion Inflows in Two Days

US spot Bitcoin exchange-traded funds (ETFs) have experienced a significant rebound, with over $1 billion in net inflows recorded across Wednesday and Thursday. This surge follows a brief setback on Tuesday, which saw $342.2 million in outflows. The turnaround signals renewed investor confidence, with cumulative inflows since the launch of these ETFs approaching the $50 billion mark.

According to data from Farside Investors, Wednesday brought $407.8 million in net inflows, followed by $601.8 million on Thursday. Fidelity’s FBTC led the charge both days, adding $184 million and $237.1 million, respectively. BlackRock’s flagship IBIT fund, typically the top performer, saw an uncharacteristic pause at the start of July with two days of zero flows — its first since April — but bounced back strongly on Thursday with $224.5 million in new inflows.

This week’s rally resumed the positive trend from June, when the ETFs logged a 15-day streak totaling $4.7 billion in net inflows, 81% of which flowed into BlackRock’s IBIT. Year-to-date, U.S. spot Bitcoin ETFs have now attracted $14.5 billion in net inflows and control nearly $128 billion in assets under management, led by IBIT’s $73.6 billion.

Commenting on IBIT’s explosive growth, Nate Geraci, president of NovaDius Wealth Management, noted it has already become BlackRock’s third-highest revenue-generating ETF out of 1,197 products, surpassing even some of the firm’s flagship traditional funds. Bloomberg’s Senior ETF Analyst Eric Balchunas added that IBIT is just $9 billion away from becoming BlackRock’s top ETF by revenue.

Since their debut in January 2024, the ETFs have recorded more than $1 trillion in cumulative trading volume, highlighting their role in drawing institutional and retail investors into Bitcoin exposure through regulated vehicles. Analysts have assigned a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year, raising their previous odds from 90% amid growing optimism for institutional crypto products. They also expect a crypto index ETF tracking multiple assets could gain approval as early as this week, signaling broader access to altcoins for traditional investors.