Bitcoin ETF inflows turn positive this year, demand warms up

CryptoNewsFlash reports that, as inflows rebound across all major timeframes, Bitcoin spot ETFs have turned positive for the year. Eric Balchunas, a senior ETF analyst at Bloomberg, said that every tracked inflow cycle is now positive— the first time this has happened in months. Ben Slaven, head of global ETF services at BNY Asset Servicing, noted that annual inflows have now “turned positive.” As of Thursday, the combined daily inflows of 12 US Bitcoin spot ETFs exceeded $335 million, weekly inflows were above $1.28 billion, and monthly inflows were about $2.16 billion. Even inflows over the past three months and year-to-date have turned positive, totaling about $1.85 billion, indicating that the earlier massive outflows have been fully offset. BlackRock’s IBIT, the largest spot Bitcoin ETF, saw daily inflows of about $246 million and roughly $1.9 billion in inflows over the past month. Grayscale’s GBTC recorded daily outflows of about $16 million, with an outflow of around $960 million since the start of the year. Overall, demand for Bitcoin ETFs has been strong enough to turn each major Bloomberg inflow window positive again.