FBTC and ARKB Drive $221.7M Bitcoin ETF Inflows as BlackRock’s IBIT Sees Outflows
BLK•ProShares FBTC and ARK’s ARKB Bitcoin ETFs attracted $221.7 million in net inflows on July 3, reversing earlier session outflows and marking the largest single-day reversal this year. BlackRock’s iShares Bitcoin Trust (IBIT) rose 2.56% in share price yet experienced net asset outflows as investors reallocated positions.
1. ETF Inflow Reversal
On July 3, ProShares FBTC and ARK’s ARKB Bitcoin ETFs collectively drew $221.7 million in net inflows, reversing earlier session outflows and marking the largest single-day inflow among Bitcoin ETF products this year. This inflow spike reflects growing investor demand for newly launched or specialty crypto ETFs over legacy products.
2. IBIT Asset Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) saw assets under management decline as investors redirected capital into FBTC and ARKB, despite IBIT’s share price increasing 2.56% on the day. The outflows underscore ongoing volatility in cryptocurrency fund flows and may influence BlackRock’s approach to its digital asset offerings moving forward.
