Bitcoin ETFs Surge to $221M in Daily Inflows as Price Reclaims $61K

Thursday saw $221.7 million in net inflows to US spot Bitcoin ETFs, the strongest daily intake since early May and the first above $200 million in six weeks.

This marks a reversal of the 10-day outflow streak that had totaled over $2.7 billion, with Bitcoin reclaiming the $61,000 level as the global crypto market cap climbed 2.4% to $2.22 trillion.

Fidelity's Wise Origin Bitcoin Fund led the recovery with $166 million in net inflows, accounting for roughly 75% of the day's total and the largest single-fund daily inflow in weeks.

However, BlackRock's IBIT, the largest Bitcoin ETF by assets, continued to bleed with $40.4 million in net outflows, its 11th consecutive session since June 17.