Outflows

U.S.-listed spot Bitcoin ETFs have posted two straight weeks of inflows, drawing $273 million after an eight-week outflow streak of more than $8 billion. The turnaround has improved sentiment, but the scale remains modest compared with the recent exodus from the funds.

U.S.-listed bitcoin ETFs recorded $221.7 million in net inflows on Thursday, ending a bruising 10-day run of withdrawals. Fidelity’s FBTC led the rebound even as BlackRock’s IBIT posted an outflow.

U.S. spot bitcoin ETFs have attracted roughly $4.06 billion in net outflows so far in June, setting up the worst month since launch. Last week alone, investors pulled about $1.79 billion from the funds.