US Bitcoin ETFs Snap 10-Day Outflow Streak With $221.7 Million Inflow

US spot Bitcoin ETFs pulled in $221.7 million in net inflows on Thursday, July 9, snapping a 10 day outflow streak that had drained more than $2.7 billion from the funds. Fidelity's FBTC led with $166 million, followed by ARK 21Shares' ARKB with $91.8 million, while BlackRock's IBIT remained on an 11 session outflow streak.

The inflow came as bitcoin's price climbed back above $61,000, following one of the funds' weakest stretches this year, with June alone seeing more than $4.5 billion in net outflows. Reports attributed the turnaround to a weak US jobs report and a softer tone from the Federal Reserve, which eased pressure on risk assets.