- Bitcoin ETFs rebound with $240M inflows after six-day slump.
- BlackRock and Fidelity lead massive turnaround in crypto ETF demand.
- Investor confidence returns as trading volumes surge across bitcoin funds.
U.S. spot bitcoin exchange-traded funds (ETFs) made a strong comeback on Thursday after enduring six straight days of losses. According to SoSoValue data, the funds recorded $240 million in net inflows, signaling renewed investor confidence following a sharp wave of outflows earlier in the week.
BlackRock’s iShares Bitcoin Trust (IBIT) took the lead with $112.4 million flowing in, reaffirming its dominant position in the market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $61.6 million, while Ark Invest and 21Shares’ ARKB attracted $60.4 million. Additionally, Bitwise’s BITB secured $5.5 million in new inflows, showing a coordinated return of buying pressure across the board.
Moreover, trading volumes jumped to $4.77 billion, compared to $4.07 billion the previous day. This rise in activity highlighted a swift rebound in investor interest, suggesting that the pullback phase might be giving way to renewed optimism in the crypto market.
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Market Sentiment Strengthens Despite Bitcoin’s Price Dip
Despite the positive ETF performance, bitcoin’s price slipped 1.32% in the past 24 hours, trading at $101,919 and down roughly 7% over the past week. Ethereum also edged lower by 1.2%, hovering around $3,345, according to The Block’s price data.
Even so, analysts remain upbeat about bitcoin’s medium-term outlook. According to JPMorgan experts, the cryptocurrency could rally to around $170,000 within six to twelve months when compared to gold on a volatility-adjusted basis.
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In addition, U.S. spot Ethereum ETFs reported $12.5 million in inflows on Thursday, also ending a six-day outflow streak. This synchronized recovery between Bitcoin and Ethereum funds reflected improving sentiment among institutional investors.
Overall, Thursday’s surge in inflows marks a vital turning point for crypto ETFs. The data suggests that major investors are regaining confidence, fueling hopes for a broader market revival even as prices consolidate.
Also Read: Bitcoin, Ethereum, and Major Altcoins Decline in 24 Hours Amid Market Cooldown
