US spot Bitcoin ETFs top $200M in daily inflows for first time since May
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their first daily net inflow above $200 million since early May, snapping weeks of sustained withdrawals. The funds attracted $221.7 million in net inflows on Thursday, according to SoSoValue data, ending a 10-day streak of net outflows that totaled more than $2.7 billion. The rebound follows one of the weakest stretches for US spot Bitcoin ETFs this year, with the funds posting a record $4.5 billion in net outflows in June.Daily flows in US-listed spot Bitcoin ETFs. Source: SoSoValue The inflows came as Bitcoin reclaimed the $61,000 level after briefly falling below $59,000, with some investors, including Bitwise chief investment officer Matt Hougan, suggesting the market could be nearing a bottom. Crypto market sentiment on Friday was measured at an “extreme fear” reading by the Fear s Wise Origin Bitcoin Fund (FBTC) led Thursdays rebound with $166 million in net inflows, accounting for roughly 75% of the days total, according to Farside Investors data. ARK 21Shares Bitcoin ETF (ARKB) followed with $91.8 million in inflows, while the VanEck Bitcoin ETF (HODL) and Valkyrie Bitcoin Fund (BRRR) attracted $4.4 million and $1.7 million, respectively.Source: Farside Investors Meanwhile, BlackRocks iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by









