Deniz 
Now in their longest run of positive flows since listing, U.S. spot bitcoin ETFs (exchange-traded funds) recorded their 18th consecutive day of net inflows on Thursday.
With most of the inflows derived from BlackRock’s IBIT, the biggest bitcoin ETFs by net assets, the 11 funds saw a total net inflow of $217.78 million. Based on SoSoValue’s data, IBIT attracted net inflows valued at $350 million on Thursday. Though much less than BlackRock’s bitcoin ETFs, Fidelity’s and VanEck’s also witnessed net inflows.
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Conversely, ARKB of Ark Invest noted net outflows of $96.6 million, among the biggest fund departures from the ETF. Bitwise recorded net withdrawals of $3 million; Grayscale’s converted GBTC witnessed net outflows of $37.5 million. Thursday witnessed zero flows for the remaining five spot bitcoin ETFs, including BTCO of Invesco.
Since its launch in January, the 11-spot bitcoin ETFs have seen a total net inflow of $15.56 billion, with the latest streak of net flows. The block’s data dashboard shows that the flow volume seems to have recovered from an impasse over April and May; it is still less than the high in March.
Having increased 0.56% over the past 24 hours, Bitcoin’s value surpasses the $71,257 level at the time of publishing.