US Spot Bitcoin ETFs Pull In $221.7M, Breaking 10-Session Outflow Run

US-listed spot Bitcoin ETFs moved back into inflow territory on Thursday, logging $221.7 million in net subscriptions, according to SoSoValue. The one-day rebound snapped a 10-session stretch of net redemptions that totaled more than $2.7 billion and marks the first $200 million-plus daily inflow since early May. Flows have been under pressure for months, with June cited as the low point: net outflows reached a record $4.5 billion for the month. Fidelity's Wise Origin Bitcoin Fund (FBTC) drove most of Thursday's improvement, taking in $166 million—about 75% of the day's total—based on figures from Farside Investors. ARK 21Shares' Bitcoin ETF (ARKB) added $91.8 million. VanEck's Bitcoin ETF (HODL) brought in $4.4 million, and Valkyrie's Bitcoin Fund (BRRR) recorded $1.7 million. BlackRock's iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, remained an outlier. IBIT posted $40.4 million in net outflows on Thursday and has shed more than $2.2 billion over an 11-session outflow streak that began June 17. Bitcoin prices also stabilized alongside the flow uptick, recovering above $61,000 after briefly dipping below $59,000. Risk appetite still looked fragile: Alternative.me's Fear & Greed Index registered "extreme fear" on Friday. Bitwise CIO Matt Hougan was cited as suggesting the market may be approaching a bottom, with some investors viewing the recent selloff as late-cycle. Flows improved beyond Bitcoin as well. The report said US spot Ether ETFs attracted $29.1 million in net inflows on Thursday, following $14.9 million the prior day. XRP ETFs added $6.6 million after two sessions of net outflows. CoinGecko data showed the global crypto market cap rising 2.4% over the past 24 hours to $2.22 trillion. Markets will now watch whether inflows persist over multiple sessions and whether IBIT's redemptions begin to slow, or if Thursday's rebound proves short-lived.