Strong BlackRock ETF inflows battle Grayscale outflows to sustain positive flows



Recent data from Farside Investors reveals a shift in Bitcoin exchange-traded fund (ETF) flows over the past two days. On July 17, Bitcoin ETFs experienced modest inflows totaling $53.3 million. The iShares Bitcoin Trust (IBIT) led with $110.4 million, while the Fidelity Physical Bitcoin ETP (FBTC) added $2.8 million. However, significant outflows were observed in the Grayscale Bitcoin Trust (GBTC), which saw a reduction of $53.9 million, and the Bitwise Bitcoin ETF (BITB), which faced a $6 million outflow.

The following day, July 18, continued this trend, with total inflows amounting to $84.8 million. The iShares Bitcoin Trust (IBIT) again led with $102.7 million, maintaining its strong position. Minor inflows were recorded for the Fidelity Physical Bitcoin ETP (FBTC) and HODL ETF, at $2.8 million and $1.8 million respectively. Conversely, the Grayscale Bitcoin Trust (GBTC) continued to experience outflows, losing another $22.5 million.

ETF Fee July 17, 2024 July 18, 2024
IBIT 0.21% 110.4 102.7
FBTC 0.25% 2.8 2.8
BITB 0.20% (6.0) 0.0
ARKB 0.21% 0.0
BTCO 0.25% 0.0 0.0
EZBC 0.19% 0.0 0.0
BRRR 0.25% 0.0 0.0
HODL 0.20% 0.0 1.8
BTCW 0.25% 0.0 0.0
GBTC 1.50% (53.9) (22.5)
DEFI 0.90% 0.0 0.0
Total 53.3 84.8

This recent activity marks a cooling off compared to the substantial inflows observed on July 15 and 16, which saw $300.9 million and $422.5 million, respectively. The strong inflows earlier in the week were driven by significant contributions to the iShares (IBIT), Fidelity (FBTC), and Ark (ARKB). The current reduction suggests a possible stabilization or reassessment by investors following a period of high activity.



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