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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.
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