Highest Daily Inflows: Bitcoin ETFs Soar $601M Amid Risk Asset Optimism
Institutional investors funneled $601.8 million into major Bitcoin ETFs on Thursday, the largest single-day inflow in over a month, according to Farside Investors data.
Key ETF Performance
The massive inflows were dominated by BlackRock’s IBIT (notching $224.5 million) and Fidelity’s FBTC (raising $237.1 million).
Ark Invest’s ARKB also saw notable inflows ($114.2 million), while Grayscale’s GBTC and Franklin Templeton’s EZBC registered no net change.
Market Context for Piled-Inflows
Large capital flows into risk assets, including Bitcoin, are anticipated following the upcoming Trump administration tax and spending legislation.
The stimulus from fiscal policies is expected to encourage riskier investments, making Bitcoin ETFs an increasingly attractive option for institutional participants.
Despite analyst warnings about potential short-term liquidity pressures once the new spending bill is signed, major inflows have already occurred before the landmark vote.
BTC Pries Above $110k Briefly
Bitcoin prices surged past the $110,000 threshold briefly after Thursday’s stronger-than-anticipated US jobs data.
Though pulling back toward press time, with Bitcoin trading around $108,900 per CoinGecko and down by 0.9%, the employment report (showing 147,000 jobs created vs. 110,000 forecasts) intensified market focus on long-term fiscal expansion following the tax bill.
The passage of the expansive spending legislation, set for signing by President Trump on Friday (Independence Day), adds a layer of complexity. Such significant Treasury spending is anticipated to require substantial drawdowns from the Treasury General Account, potentially imposing temporary liquidity drains.
However, preliminary ETF flow data suggests movement occurred before the formal passage of the bill.
