US bitcoin ETFs finally caught a break. After ten straight days of outflows, the funds pulled in $222 million on Thursday.
BlackRock’s IBIT was the exception. It shed another $40.4 million, extending its own negative run. But the rest of the market made up for it and then some.
The turnaround follows weeks of selling pressure across the crypto market. ETF flows are closely watched as a gauge of institutional sentiment. Thursday’s numbers suggest some buyers are stepping back in.
Whether this is a one-day bounce or the start of a real reversal remains to be seen — but after a 10-day bleed, the green is notable.
