BlackRock Drives $2.386 Billion US BTC Spot ETF Inflows Amid Overall Market Outflows

According to data from Farside Investors as of July 19, the US Bitcoin (BTC) spot ETF market experienced a substantial net inflow totaling $2.386 billion this week. The majority of this capital influx was driven by BlackRock’s IBIT ETF, which alone accounted for a remarkable $2.569 billion increase. In contrast, other prominent ETFs such as Fidelity’s FBTC and Grayscale’s GBTC saw notable outflows, with net withdrawals of $48.7 million and $122.5 million respectively. Smaller inflows were recorded by funds including Invesco BTCOct and VanEck HODL, contributing modest gains of under $40 million combined. Excluding BlackRock’s dominant contribution, the aggregate net flow across other ETFs was a negative $183 million, highlighting a concentrated investor preference towards BlackRock’s offering amid a mixed market sentiment. This data underscores the evolving dynamics within the crypto ETF landscape and investor allocation strategies in the digital asset space.