The result helped reverse two consecutive days of net outflows across the 12 U.S. spot Bitcoin ETFs
Bitcoin News
BlackRock's iShares Bitcoin Trust pulled in $269.3 million in net inflows on Thursday, its strongest single-day performance since early March. The result helped reverse two consecutive days of net outflows across the 12 U.S. spot Bitcoin ETFs, which collectively recorded $358.1 million in net inflows on the day, according to data from Farside Investors.
The Fidelity Wise Origin Bitcoin Fund ranked second with $53.3 million in inflows. The Morgan Stanley Bitcoin Trust, on its second day of trading, contributed $14.9 million, while Bitwise and ARK 21Shares recorded $11.7 million and $4.8 million, respectively. Franklin Templeton and VanEck's BTC products each added roughly $2 million.
BlackRock's IBIT has accumulated $1.5 billion in net inflows year-to-date, holding its position despite Bitcoin's price declining from a 2026 high of $97,000 to approximately $72,100. BlackRock's digital assets head Robert Mitchnick said in March that IBIT's investor base has shown to be "disproportionately long-term buy and hold" even during periods of strong selling pressure elsewhere.
Morgan Stanley's digital asset head Amy Oldenburg said in a Bloomberg interview on Thursday that the Morgan Stanley Bitcoin Trust was the bank's best-performing ETF launch ever. "This is just the first of a long roadmap of new products on the asset management side," Oldenburg said. Morgan Stanley has also filed to list a staked Ethereum ETF and a SOL ETF.
U.S. spot Bitcoin ETFs closed 2025 with $56.59 billion in cumulative net inflows. Following Thursday's activity, that figure stands at $56.51 billion, leaving the category approximately $80 million short of recovering its year-opening level.
BlackRock's strong inflow day arrives as broader crypto markets remain under pressure. Bitcoin's decline from its 2026 peak has been the backdrop against which IBIT has continued to attract capital, a pattern Mitchnick has cited as evidence of sustained structural demand from institutional and long-term holders rather than short-term traders.
The day's results, taken together with Morgan Stanley's entry and the multi-fund participation across issuers, reflect continued institutional appetite for regulated Bitcoin exposure even as spot prices remain well below recent highs. Whether Thursday's momentum carries into the following week will depend in part on how macro risk sentiment develops.
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