BlackRock iShares Bitcoin Trust drives $233M inflow

Institutional investors are showing renewed, albeit cautious, interest in Bitcoin exchange-traded funds, with BlackRock's iShares Bitcoin Trust leading a significant daily inflow of $233.1 million on July 30. This marked the strongest single-day result for U.S. spot Bitcoin ETFs in more than three weeks and helped push weekly and monthly flows back into positive territory.

The July 30 surge was dominated by BlackRock's IBIT, which captured $183.4 million, or 78.7% of the total daily inflow. Other funds, including Bitwise's BITB and Fidelity's FBTC, also recorded inflows, with no ETF reporting a net outflow for the session. The buying pressure contributed to an estimated $438 million in net inflows for the month of July through July 30, positioning the sector to end two consecutive months of heavy withdrawals. According to data from Farside Investors, the ETF group lost approximately $2.41 billion in May and $4.51 billion in June.

This recent accumulation follows a period of aggressive selling, particularly in late June. During the week of June 22 to 26, IBIT alone accounted for roughly 73% of total Bitcoin ETF outflows, bleeding approximately $1.30 billion. The fund's return to...