US Bitcoin ETFs End 10-Day Outflow Streak With $222 Million in Inflows as BlackRock's IBIT Bucks Trend
US spot bitcoin ($BTC) exchange-traded funds collectively snapped a 10-day run of net outflows on Thursday, drawing $222 million in net inflows across the group. The headline figure, however, obscures a notable split: BlackRock's iShares Bitcoin Trust, ticker IBIT, was the sole fund to post net outflows on the day, shedding $40.4 million and extending its own negative streak even as peers turned positive.
US spot bitcoin ($BTC) exchange-traded funds collectively snapped a 10-day run of net outflows on Thursday, drawing $222 million in net inflows across the group. The headline figure, however, obscures a notable split: BlackRock's iShares Bitcoin Trust, ticker IBIT, was the sole fund to post net outflows on the day, shedding $40.4 million and extending its own negative streak even as peers turned positive.
A Broad Reversal, With One Exception
The $222 million inflow reading marks the first day of net positive flows into US spot bitcoin ETFs after 10 consecutive sessions of outflows — a stretch that had drawn attention as a signal of flagging institutional appetite for bitcoin exposure through regulated wrappers. Thursday's reversal shows capital returning to the category as a whole, with every fund in the group posting inflows or flat flows except IBIT.
The divergence is notable given BlackRock's fund has historically commanded the largest share of flows among US spot bitcoin ETFs. IBIT shedding $40.4 million on a day when the broader peer group attracted net new money inverts the usual pattern and raises questions about whether the outflows reflect tactical repositioning by large holders, redemptions from specific investor types, or something more structural.
IBIT's Streak Continues
BlackRock's IBIT now carries its own separate outflow streak, running counter to Thursday's group-wide recovery. The fund's negative run predates Thursday's session, according to the source data, meaning the reversal in aggregate flows has not yet translated into a reversal for the market's largest bitcoin ETF by historical flows.
The split between IBIT and its peers is the more consequential data point in Thursday's report. A 10-day group outflow streak ending is a clean headline; a single fund responsible for all outflows on the recovery day complicates the narrative of a clean sentiment shift. Whether IBIT's streak ends in subsequent sessions will determine whether Thursday reads as a turning point or a one-day statistical artifact driven by flows elsewhere in the peer group.