US Bitcoin ETFs See $731 Million Inflow, Largest Since January

Bitcoin ETFs record largest daily inflow since January

US spot Bitcoin ETFs saw $731 million in net inflows on Thursday, the largest single-day amount since January 14. An ETF is a fund that tracks the price of an asset and trades on regular stock exchanges, allowing investors to buy exposure to Bitcoin without holding the cryptocurrency directly.

The total of $730.9 million came largely from BlackRock’s IBIT fund, which took in about $454 million. Six other funds, including ones from Fidelity and Grayscale, also reported inflows.

Key market numbers

• Total net inflows reached $730.9 million on Thursday.
• BlackRock’s IBIT alone absorbed roughly $454 million of the total.
• This follows the strongest month for Bitcoin ETFs since September 2025, when they attracted $3.5 billion.
• Bitcoin traded around $80,950 late Thursday after briefly crossing $81,000.

What analysts say about the inflows

Rachael Lucas, a crypto analyst at BTC Markets, said the heavy concentration in IBIT suggests that large institutional investors are accumulating Bitcoin for long-term allocations rather than short-term trades. She noted that IBIT is the preferred vehicle for large institutions.

Jeff Mei, COO of BTSE, pointed to comments by Federal Reserve Governor Christopher Waller as a major driver. Waller indicated he is inclined to keep interest rates steady if inflation continues to cool, which boosted investor confidence in risk assets like crypto and growth stocks.

Corporate stocks and correlation shifts

Shares of crypto-related companies rose alongside the ETF momentum. Strategy jumped 17.6% to $144.80, Coinbase gained 10% to $192.70, and Circle climbed 16.5% to $103.23.

Lucas also highlighted a shift in how Bitcoin is being priced by the market. Bitcoin’s 90-day correlation with gold hit a six-year high above 50%, while its correlation with the S&P 500 has fallen close to zero. This may indicate that investors are starting to view Bitcoin more as an inflation hedge than as a high-risk technology stock.

What is still unclear

While the recent inflows and macroeconomic signals have been positive, analysts warn that upcoming economic data could change the trend. Lucas pointed to jobs reports and inflation data (CPI) as key risk factors. If inflation data comes in hotter than expected, it could reverse the current market optimism. Additionally, September historically has a weak track record for markets.

Why this matters for investors

The surge in ETF inflows shows that institutional money is continuing to flow into regulated Bitcoin products. However, the market remains sensitive to broader economic signals. Whether Bitcoin can sustain levels above $81,000 will depend on upcoming inflation and employment data, as well as continued ETF demand.

Sources

• The Block