Bitcoin ETF inflows in the United States recorded their strongest daily performance in more than three weeks on Thursday, with $233.1 million in total net new money entering the funds even as Bitcoin prices fell. The results indicate that demand for Bitcoin ETFs remains steady despite continued pressure on BTC, and underscore a recurring pattern since the funds launched in January 2024: ETF demand and spot price action have frequently diverged, reflecting different participant behavior between institutional accumulators and broader spot market sellers.

BlackRock Leads Bitcoin ETF Inflows

Among U.S. spot Bitcoin ETFs, BlackRock's iShares Bitcoin Trust (IBIT) attracted the largest share of new investment. The fund posted $183.4 million in net inflows, representing nearly 78.7% of the total for the day.

Bitwise's BITB followed with $20.7 million in net inflows, while Fidelity's FBTC recorded $15.5 million. Additional spot Bitcoin ETFs also posted inflows, bringing the daily total to $233.1 million. IBIT's continued dominance reflects its position as the largest spot Bitcoin ETF by assets under management, a lead it has held consistently since the product category's launch.

The latest figures pushed Bitcoin ETF flows back into positive territory for the week. The products have now recorded $203.84 million in inflows so far this week. If outflows do not exceed that amount in the final trading day, this would mark the fourth consecutive week of positive Bitcoin ETF inflows, a streak that would match some of the longest sustained inflow periods since the funds began trading.

The month has also been favorable for the sector. So far, Bitcoin ETFs have recorded net inflows of $437.8 million.

Bitcoin Price Falls After Failing to Hold Above $65,000

Despite strong demand for BTC ETFs, Bitcoin weakened over the past 24 hours. The asset opened the session at $64,500 and briefly moved above $65,000 before failing to hold that level.

After being rejected above $65,000, Bitcoin dropped below $64,500 and continued to decline. At the time of writing, Bitcoin was trading at $63,700, down 1.3% over the previous 24 hours. The price decline alongside strong ETF inflows highlights that ETF demand, while growing, remains one of multiple factors influencing Bitcoin's market price.

Ethereum ETFs Also Post Positive Flows

U.S.-listed Ethereum ETFs also ended the day in positive territory, recording $13.3 million in net inflows.

Ethereum ETF products have performed significantly better in July than in June. The funds saw outflows in only five trading sessions in July, compared with only four trading days with inflows in June.

Inflows into both Bitcoin and Ethereum ETF products suggest continued institutional interest in crypto funds despite price volatility across the cryptocurrency market. With monthly and weekly Bitcoin ETF flow data trending positive and Ethereum ETFs stabilizing, market participants are closely watching whether the current pace of inflows can be sustained as both product categories continue to mature.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.