U.S. spot Bitcoin ETFs recorded an eighth straight day of net inflows after drawing $223.2 million on Thursday. The latest inflow pushed total net additions above $2 billion during the current run.
Summary
- Spot Bitcoin ETFs logged $223.2 million in net inflows, extending their streak to eight days.
- BlackRock’s IBIT led Thursday’s flows with $167.5 million as total inflows topped $2 billion.
- Bitcoin held near $78,000, while analysts linked ETF demand to stronger institutional accumulation.
BlackRock’s IBIT led the day with $167.5 million in net inflows, according to SoSoValue data. Funds from Ark Invest and 21Shares, Morgan Stanley, and Grayscale also recorded positive flows.
Not all funds saw new demand. Fidelity, Bitwise, and VanEck’s Bitcoin ETFs posted combined outflows of about $30 million during the same session.
BlackRock leads institutional demand
The inflow streak points to continued institutional demand for spot Bitcoin ETFs after earlier 2026 weakness. The products have regained attention as Bitcoin trades near $78,000.
Bitrue Research Lead Andri Fauzan Adziima said the latest run shows steady allocation activity. He stated, “This isn’t noise, it’s allocators treating the post-2025 pullback as a real accumulation zone, especially with resilient demand even after earlier 2026 outflows.”
Adziima added, “Institutions see BTC as core portfolio ballast now, not just a trade.” His comments suggest that some investors are treating Bitcoin exposure as part of wider portfolio planning.
Bitcoin price holds near $78,000
Bitcoin has gained about 10% over the past 30 days and has held near the $78,000 level. The asset remains below its October 2025 record high of about $126,000.
Adziima said continued inflows could create a steady demand base for Bitcoin. He said, “If these inflows keep rolling (or accelerate), I think it creates a structural bid that tightens supply even more.”
He added that Bitcoin could move toward the $85,000 to $90,000 range if ETF demand remains strong. However, he also noted that the market remains sensitive to macroeconomic and geopolitical news.
Ethereum ETFs see flow reversal
Ethereum ETFs also saw recent demand, posting 10 straight days of positive flows before recording $76 million in net outflows on Thursday. The shift came as Bitcoin products continued their inflow streak.
Bitcoin dominance has also moved above 60% for the first time this year, according to Adziima. That suggests the market has become more Bitcoin-heavy during the latest recovery.
He said, “The market isn’t euphoric yet; it’s mature and macro-sensitive.” He also warned that weaker ETF flows could test the $74,000 to $70,000 Bitcoin price zone again.