Spot Bitcoin ETFs Pull In $218M as July Inflows Top $1.5B

Bitcoin ETFs Bounce Back Strong in July

After a shaky start to the month, spot Bitcoin ETFs are back on track with strong inflows. As reported by Crypto News on July 9 alone, the market recorded $218 million in net inflows, according to data from SoSoValue. That marked the fifth straight day of positive inflows for U.S. spot Bitcoin ETFs.

In just the past five trading days, these ETFs have pulled in nearly $1.52 billion, showing renewed confidence from institutional investors.

Institutional Demand Returns After Early July Dip

The month began with a slight stumble, as ETFs saw $342 million in net outflows on July 1. But the dip didn’t last long. Just two days later, daily inflows hit a peak of $601.94 million, a sharp reversal and clear sign that investor sentiment is bouncing back.

This momentum has helped push the total net inflows since launch past the $50 billion mark, a major milestone in the relatively short life of spot Bitcoin ETFs in the U.S. market.

BlackRock’s IBIT Leads the Pack

One fund continues to stand far above the rest, BlackRock’s iShares Bitcoin Trust (IBIT). It has now attracted a massive $53 billion in net inflows, making it the clear leader in this space.

IBIT also made headlines this week for becoming the first ETF to hold more than 700,000 BTC, now controlling over 55% of all Bitcoin held by U.S. spot Bitcoin ETFs.

According to recent industry reports, BlackRock is now earning more from IBIT than from its long-standing iShares Core S&P 500 ETF, one of its most well-known products.

Fidelity Gains Ground, Grayscale Still Struggles

Right behind BlackRock is Fidelity’s Wise Origin Bitcoin Fund (FBTC), which has brought in $12.29 billion in inflows so far. It continues to perform steadily, though still far behind IBIT.

Meanwhile, Grayscale’s Bitcoin Trust (GBTC) remains the only major ETF in the red. Since converting to a spot ETF earlier this year, GBTC has seen net outflows of $23.34 billion, raising questions about investor confidence in its structure and fees.

A New Revenue Giant for BlackRock

The success of IBIT is turning heads not just in the crypto world but in traditional finance as well. Nate Geraci, president of NovaDius Wealth Management, pointed out that IBIT has now become BlackRock’s third-highest revenue-generating ETF out of its 1,197 products.

That’s a great achievement, especially considering the product is less than a year old.

Final Thoughts

The return of strong inflows in July shows that institutional appetite for Bitcoin is alive and well. With over $139 billion now under management across all spot Bitcoin ETFs and BlackRock’s IBIT leading the way, this sector is quickly becoming a major player in the broader financial markets.

As the numbers continue to grow, spot Bitcoin ETFs are no longer just a crypto experiment, they’re becoming a core investment product for serious investors.