On July 30, U.S. spot Bitcoin ETFs drew in a massive $233.1 million, marking their largest single-day inflow since early July. The standout was BlackRock’s iShares Bitcoin Trust (IBIT), which alone attracted $183.4 million, making up nearly 79% of the total inflows. This surge pushed IBIT’s assets under management to a hefty $47.67 billion, underscoring BlackRock’s dominance in the space.
Other funds also saw healthy inflows, revealing a broader appetite for Bitcoin exposure through ETFs. Bitwise’s BITB gained $20.7 million, Fidelity’s FBTC grew by $15.5 million, and even Morgan Stanley’s MSBT added $7.4 million. No funds reported net outflows on the day, indicating a widespread bounce in investor interest rather than a concentration around a single product.
July has been a rollercoaster for Bitcoin ETF flows. After two months of outflows, the $438 million accumulated so far this month suggests a potential reversal of sentiment. The ETFs are on track for what could be their fourth straight week of net gains, depending on final figures later in the week. Though the inflows highlight renewed buying, analysts warn this doesn’t necessarily signal a lasting uptrend, as institutional demand has ebbed and flowed.
spot Bitcoin ETFs hold about $78.76 billion following the July 30 session, a healthy pie that continues to expand thanks largely to BlackRock’s efforts. With this momentum, funds appear set to recover after a period of choppy investor behavior.
This content is informational and does not constitute financial advice.
