BlackRock’s IBIT drove nearly all U.S. spot Bitcoin ETF inflows in late July rebound

BlackRock’s iShares Bitcoin Trust ETF, or IBIT, remained the dominant driver of the late-July recovery in U.S. spot Bitcoin ETFs, but the latest session also showed broader institutional demand returning across crypto funds. On July 30, U.S. spot Bitcoin ETFs drew about $233.13 million in net inflows after a four-day losing streak ended one session earlier, with no product posting outflows. IBIT accounted for $183.38 million, or 79% of the day’s total, while Bitwise’s BITB added $20.74 million, Fidelity’s FBTC took in $15.50 million, Morgan Stanley’s MSBT attracted $7.42 million, and Vaneck’s HODL, Grayscale’s Bitcoin Mini Trust and ARK 21Shares’ ARKB also posted gains. Total trading value reached $1.73 billion and net assets closed at $78.76 billion. IBIT supplied nearly all of the category’s four-session rebound, taking in a net $209.6 million from July 27 to July 30 while the full 13-fund complex recorded $203.9 million of inflows, according to Farside Investors. The rebound followed sharp withdrawals earlier in the month, including $202.5 million and $212.2 million of outflows from IBIT on July 23 and July 24. IBIT has attracted about $350 million in net inflows during July, a partial recovery after reported outflows of $1.41 billion in May and $3.55 billion in June. Other crypto ETF categories also turned positive. U.S. spot Ether ETFs posted a net inflow of $13.29 million in a mixed session led by BlackRock’s ETHA at $16.24 million, partly offset by withdrawals from Fidelity’s FETH, Grayscale’s ETHE and Vaneck’s ETHV. XRP ETFs drew $5.98 million, their strongest inflow of the week, with Bitwise’s XRP fund and Franklin Templeton’s XRPZ contributing almost evenly and combined net assets returning to the $1 billion mark. Solana ETFs added $403,890, entirely through Morgan Stanley’s MSOL, while HYPE ETFs saw no net creations or redemptions, pausing a prolonged outflow streak. The renewed buying came even as many bitcoin ETF investors remained underwater. Bloomberg Intelligence data published by Hedgeye on July 28 showed the gross cost basis of all U.S. spot Bitcoin ETF purchases at $82,249, versus a marked Bitcoin price of $64,114, implying the average buyer was down 22%. With Bitcoin trading around $62,907 on Friday, down 2.96% over 24 hours, that gap widened to roughly 24%.