Bitcoin ETFs Capture $352M Net Inflows, iShares Bitcoin Trust Shares Climb 0.3%
IBIT•iShares Bitcoin Trust shares rose 0.30% today after Bitcoin ETFs recorded $352 million of net inflows, ending a five-day outflow streak. Bitcoin’s 0.76% gain over the past 24 hours underpinned renewed investor demand for IBIT.
1. ETF Flow Reversal
Bitcoin-focused ETFs attracted $352 million in net inflows, reversing a streak of outflows that lasted five trading days. The influx marks the largest single-day reversal since early June, as institutional investors appear to re-enter the market.
2. IBIT Shares Rise
iShares Bitcoin Trust shares jumped 0.30% on the news of inflows, outperforming broader cryptocurrency benchmarks. The uptick reflects investor confidence in IBIT’s ability to track Bitcoin performance amid fluctuating flows.
3. Bitcoin Trading Levels
Bitcoin traded near $64,000, posting a 0.76% gain over the prior 24 hours. The price rebound provided additional support for ETF demand, reinforcing the positive sentiment around Bitcoin-linked products.
