After weeks of tepid activity, spot Bitcoin exchange-traded funds are drawing fresh capital again. The turnaround comes as BlackRock CEO Larry Fink told investors he's 'very bullish' on crypto over the next 12 months, calling the current Bitcoin price stable.
The ETF comeback
Inflows into spot Bitcoin ETFs have picked up this week, reversing a recent slowdown. Data from issuers shows a steady stream of new money entering these funds, which had seen outflows or flat days earlier in the month. The shift marks a potential turning point for a product class that has struggled to maintain momentum after a strong start to the year.
Fink's bullish bet
Larry Fink, CEO of BlackRock — the world's largest asset manager — made the comments during an earnings call on Friday. 'Bitcoin price is currently stable and I am very bullish on the crypto market over the next 12 months,' Fink said. His firm's own spot Bitcoin ETF, the iShares Bitcoin Trust, is among the largest by assets under management. Fink's endorsement carries weight: BlackRock manages over $10 trillion in assets and has been a key driver of institutional crypto adoption.
What's driving the shift
The renewed inflows coincide with Fink's comments and a period of relative price stability. Bitcoin has traded in a narrow range for much of July, which may be encouraging investors who were waiting for a clearer signal. The combination of a stable price and a high-profile bullish call appears to be drawing sidelined capital back into the market.
Spot Bitcoin ETFs have been a major gateway for traditional investors since their launch. The recent inflow resurgence suggests that institutional appetite remains intact, even after a rocky second quarter. For now, the ETF data points to a change in sentiment — at least for this week. Whether the trend holds will depend on broader market conditions and any regulatory moves in the months ahead.
