Spot bitcoin exchange-traded funds pulled in $233.1 million in net inflows on Thursday, July 30, according to data from SoSoValue. The figure snapped a recent stretch of outflows and flipped the weekly performance for the category back into positive territory. BlackRock's iShares Bitcoin Trust (IBIT) led the day's action, accounting for the bulk of the money moving in.
IBIT's dominance holds
IBIT has been the heavyweight in the spot bitcoin ETF space since its launch, and Thursday was no different. The fund drew the largest share of the $233.1 million total, reinforcing its position as the go-to vehicle for institutional and retail investors looking for regulated bitcoin exposure. No other fund came close to IBIT's haul for the day.
Weekly and monthly picture flips green
Before Thursday, the week had been in the red. The single-day surge erased those losses and pushed the seven-day tally into positive ground. July as a whole is on track to close in the green for bitcoin ETFs — a welcome shift after a choppy June. The month has seen a mix of inflows and outflows, but the late-month rally has put the final stretch in the black.
Friday's close in focus
July ends Friday. The question now is whether the momentum carries through the last trading day. If it does, it'll mark a clean monthly win for the ETF category. If not, the month still looks set to finish positive, but a strong Friday would cement the turnaround. Either way, the $233 million day shows there's still appetite for bitcoin exposure through regulated channels, even as the underlying asset's price stays volatile.
