Bitcoin ETFs saw $611.8 million in inflows on Thursday, marking the largest daily net inflow since late May. Fidelity’s FBTC led with $237.1 million, closely followed by BlackRock’s IBIT at $224.5 million, and ARK Invest’s ARKB added $114.2 million. Grayscale’s GBTC and Franklin Templeton’s EZBC saw no net inflows.
This wave of buying comes ahead of President Trump’s upcoming tax and spending bill, with investors expecting it to ease financial conditions. Some analysts caution that the bill could create short-term volatility due to its liquidity effects, but for now, risk appetite remains strong.
Bitcoin briefly pushed above $110,000 before pulling back near $109,000, as mixed US jobs data clashed with hawkish macro signals. Despite this, optimism around fiscal expansion and renewed institutional risk-taking are driving inflows into Bitcoin ETFs as the preferred crypto exposure vehicle.
Market watchers suggest most of these inflows happened in anticipation of the bill’s approval, reflecting investor expectations that financial conditions will loosen further in the coming weeks.
