U.S. spot Bitcoin ETFs saw net inflows of $32.11 million as BlackRock’s IBIT led gains despite outflows from other funds.
U.S. spot Bitcoin exchange-traded funds recorded net inflows of $32.11 million on July 29, driven by BlackRock’s IBIT, which attracted $89.83 million. Outflows from competing funds partially offset the gains, resulting in the net figure.
The inflows follow a period of volatility in crypto ETFs, with recent sessions showing mixed demand. BlackRock’s IBIT has consistently led inflows, while other issuers faced redemptions. Meanwhile, Morgan Stanley’s newly launched Ethereum Trust saw $14.30 million in inflows, the highest among spot Ethereum ETFs.
Market reaction remained muted, with Bitcoin prices holding steady near recent levels.