US-based bitcoin spot exchange-traded funds (ETFs) recorded a significant net inflow of $442 million, maintaining their positive streak for the fifth day in a row, despite the ongoing global trade tensions and overall market uncertainty. This resilience is reflected in the BTC price which continues to hold stable.
The largest inflow was observed in BlackRock’s IBIT, which saw an enormous inflow of $327.3 million, as per data from SoSoValue. This was followed by Ark and 21Shares’ ARKB, which recorded $97 million in net inflows. Bitwise’s BITB also saw a healthy inflow of $10.2 million, while Invesco’s BTCO received an inflow of $7.5 million.
Thursday’s $442 million inflows came on the back of substantial inflows of $916.9 million on Wednesday and $936.4 million on Tuesday. However, the total trading volume of these 12 ETFs fell to $2 billion on Thursday, a significant drop from $4 billion the day before.
Despite global trade tensions causing waves in broader markets, bitcoin showed exceptional resilience. Major US stock indexes ended on a high note on Thursday, reflecting signs of easing tariff disputes between the US and China. The Nasdaq Composite rose by 2.7%, S&P 500 increased by 2%, and the Dow Jones Industrial Average gained 1.2%.
Bitcoin’s price saw a growth of 1.3% over the last 24 hours, standing at $93,687 at the time of the report, according to The Block’s price page. Ether experienced a slight increase of 0.43%, trading at $1,778.
Spot ether ETFs also witnessed a net inflow of $63.5 million on Thursday, a considerable rebound from the net outflows of $23.9 million the previous day.
