Bitcoin News: Bitcoin ETFs Record $221.7 Million in Daily Inflows — First Day Above $200 Million Since May as Bitcoin Reclaims $61,000

US spot Bitcoin ETFs recorded $221.7 million in net inflows on Thursday — the strongest single-day intake since early May and the first daily total above $200 million in over six weeks — snapping a 10-day outflow streak that had totaled more than $2.7 billion. Bitcoin reclaimed the $61,000 level as the flows reversed, with the global crypto market cap climbing 2.4% to $2.22 trillion. The inflow day is the most constructive ETF data point of the entire June correction — and it arrived with one notable exception: BlackRock's IBIT, the largest Bitcoin ETF by assets, kept bleeding.

The Numbers Behind the Rebound
Fidelity's Wise Origin Bitcoin Fund led Thursday's recovery with $166 million in net inflows — accounting for roughly 75% of the day's total and the largest single-fund daily inflow in weeks. ARK 21Shares Bitcoin ETF followed with $91.8 million. VanEck's HODL attracted $4.4 million and Valkyrie's BRRR added $1.7 million.
The $221.7 million total ends a 10-day outflow streak and represents the first clear reversal of the June outflow pattern that produced a record $4.5 billion in monthly redemptions — the worst month for Bitcoin ETFs since their January 2024 launch. A single strong inflow day does not confirm a sustained reversal, but the scale of Thursday's figure — the first above $200 million since early May — provides the first data point of genuine institutional re-engagement that every bottom-signal framework has identified as a necessary condition for confirmed recovery.

BlackRock's IBIT Is Still Bleeding — The Divergence That Matters
The most analytically significant detail in Thursday's flow data is the divergence between Fidelity and BlackRock. While FBTC attracted $166 million, BlackRock's IBIT posted $40.4 million in net outflows — its 11th consecutive session of redemptions since June 17 and part of a streak that has now cost the fund more than $2.2 billion in cumulative outflows.
IBIT is the largest US spot Bitcoin ETF by assets and the product most closely associated with institutional and financial advisor allocation to Bitcoin. Its continued outflow streak even on a day when Fidelity and ARK attracted over $250 million combined suggests the institutional re-engagement seen Thursday is not yet broad-based. Fidelity and ARK buyers skew more toward crypto-native and active investors; IBIT's buyer base is more heavily weighted toward traditional financial institutions and RIA platforms. A sustained inflow recovery that does not eventually include IBIT — or that depends on IBIT's outflows slowing to zero rather than turning positive — would represent a partial rather than complete reversal of the institutional exit that defined June.
Altcoin ETFs Join the Recovery
The rebound extended beyond Bitcoin. US spot Ether ETFs attracted $29.1 million on Thursday, following $14.9 million in inflows the day before — two consecutive positive sessions for a product that had been bleeding alongside Bitcoin throughout the June correction. XRP ETFs returned to net inflows at $6.6 million after two consecutive sessions of outflows. The simultaneous recovery across Bitcoin, Ether, and XRP ETF products suggests Thursday's inflow day reflects a broader sentiment shift rather than rotation from one crypto asset to another.
The Fear and Greed Context
Crypto market sentiment on Friday was measured at an "extreme fear" reading by Alternative.me's Fear & Greed Index — the same sentiment zone that has historically marked accumulation opportunities in prior cycles. Bitwise CIO Matt Hougan publicly suggested the market could be nearing a bottom in a note to clients, citing the STRC and MSTR dynamics alongside end-of-cycle indicators as evidence that the structural stress has been sufficiently priced in.
Extreme fear sentiment combined with a first $200 million-plus ETF inflow day since May is the combination that bottom-signal frameworks have been waiting for throughout June — but the IBIT outflow streak, the Reuters poll consensus of no Fed cuts through 2027, and Thursday's nonfarm payrolls data arriving simultaneously mean Thursday's inflow figure needs to be confirmed by sustained follow-through before it can be characterized as the inflection point rather than a single constructive data point in an otherwise bearish trend.