Bitcoin spot ETFs recorded their largest inflows in over two weeks on Thursday, totaling $192.5 million. This comes after Bitcoin dipped below $50,000 earlier this week amid a global market selloff.
The inflows helped propel Bitcoin back above $60,000 on Friday. It represents a swift reversal after Bitcoin plunged nearly 20% to its lowest level since February.
The BlackRock iShares Bitcoin Trust (IBIT) led the bounce back, with inflows of $157.6 million on Thursday. The WisdomTree Bitcoin Trust (BTCW) also had a standout day, attracting over $118.5 million in fresh capital—its largest single-day haul since launching.
BTCW has generally lagged behind rivals, struggling to break $11 million in daily inflows since debuting in January. Its prior record was $10.5 million. But Thursday’s surge made it the top performer.
The inflows provide evidence of renewed appetite for Bitcoin exposure after a wave of selling earlier in the week, which also battered stock markets like the Nasdaq. Last Friday’s disappointing U.S. jobs report triggered recession fears.