BlackRock led a fresh rebound in U.S. spot Bitcoin ETF demand on Thursday, helping the category swing back into positive territory. Data cited by WU Blockchain on X showed combined daily net inflows of about $131.3 million across U.S. spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust accounting for nearly $144 million of that total.
Some competing funds posted modest outflows during the same session, which trimmed the aggregate figure below BlackRock’s single-fund intake. The shift suggests that the latest recovery was not evenly distributed across issuers. Capital remained concentrated in the largest products.
IBIT keeps its lead over the field
BlackRock’s position at the top of the spot Bitcoin ETF market also became more pronounced. Current figures showed IBIT holding more than $64 billion in assets under management, while daily trading volume topped $2 billion. Those numbers kept it well ahead of the rest of the market.
Fidelity’s Wise Origin Bitcoin Fund remained the second-largest spot Bitcoin ETF, with roughly $14.16 billion in managed assets. The gap between the two products stayed wide, reinforcing BlackRock’s dominance as institutional money continued to favor the market leader.
Bitcoin still draws stronger institutional positioning
The inflow session came while Bitcoin traded above key psychological levels, a setup that the source said encouraged institutions to keep long-term exposure even as the broader crypto market remained volatile. That backdrop helped support momentum in regulated Bitcoin investment products.
Total assets across all U.S. spot Bitcoin ETFs now exceed $105 billion. Since launch, cumulative net inflows have reportedly passed $59 billion. Taken together, those figures point to continued strength in Bitcoin-focused vehicles inside the regulated investment market.
Ethereum ETFs extend their losing streak
Ethereum funds moved in the opposite direction. Market data showed U.S. spot Ethereum ETFs posting combined net outflows of about $5.65 million during the same trading session, extending the streak of withdrawals to four consecutive days.
The divergence highlights a clear split in institutional preference. According to the source material, many institutions still view Bitcoin as the preferred digital asset for portfolio exposure because it offers deeper liquidity and broader adoption across traditional finance. Ethereum products, by contrast, have recently struggled to maintain consistent inflows.