Bitcoin ETFs See $218 Million Inflows July 9, Total Surpasses $50 Billion

Spot Bitcoin ETFs experienced a significant surge in inflows, with $218 million pouring in on July 9, marking the fifth consecutive day of gains. This influx pushed the total net inflows past the $50 billion mark since the launch of these ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate the market, managing over 700,000 BTC and attracting $53 billion in inflows. This performance has positioned IBIT as BlackRock’s third-highest revenue-generating ETF, surpassing even its well-established iShares Core S&P 500 ETF.

The month of July began with a slight setback, as ETFs saw $342 million in net outflows on July 1. However, this dip was short-lived. By July 3, daily inflows had rebounded to a peak of $601.94 million, indicating a strong recovery in investor sentiment. This momentum has been sustained, with spot Bitcoin ETFs pulling in nearly $1.52 billion over the past five trading days, reflecting renewed confidence from institutional investors.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) has also made notable strides, attracting $12.29 billion in inflows. However, Grayscale’s Bitcoin Trust (GBTC) remains the only major ETF with net outflows, totaling $23.34 billion since its conversion to a spot ETF earlier this year. This performance has raised questions about investor confidence in GBTC’s structure and fees.

The success of IBIT is not only significant in the crypto world but also in traditional finance. Nate Geraci, president of NovaDius Wealth Management, highlighted that IBIT has become BlackRock’s third-highest revenue-generating ETF out of its 1,197 products. This achievement is particularly impressive given that IBIT is less than a year old.

The return of strong inflows in July underscores the enduring institutional appetite for Bitcoin. With over $139 billion now under management across all spot Bitcoin ETFs and BlackRock’s IBIT leading the way, this sector is rapidly becoming a major player in the broader financial markets. As the numbers continue to grow, spot Bitcoin ETFs are transitioning from a crypto experiment to a core investment product for serious investors.