NEW YORK, July 30, 2026, 05:59 EDT
- U.S. spot bitcoin ETFs saw inflows of $32.1 million on Wednesday, with IBIT accounting for $89.8 million of that total.
- The rebound offset only 6.1% of the outflows from the previous four sessions.
- The Federal Reserve opted to keep interest rates steady at 3.50%-3.75%, with the decision passing by a 9-3 split vote.
Spot bitcoin ETFs listed in the U.S. saw net inflows resume on Wednesday, with a $32.1 million total increase. However, this figure was boosted largely by BlackRock NYSE:BLK’s iShares Bitcoin Trust, or IBIT, which attracted $89.8 million. Ahead of the U.S. cash ETF trading session, bitcoin traded at close to $64,488.
Fidelity’s FBTC saw outflows of $43.1 million, while ARK 21Shares’ ARKB posted a further $14.6 million in losses. Nine separate funds recorded zero net change. As a result, redemptions accounted for 64.3% of IBIT’s inflows.
Analysis from Farside Investors’ series indicates only modest improvement to date.
| Flow period | Sessions | Net flow | Share of prior move |
|---|---|---|---|
| July 14-22 inflow sequence | 7 | +$999.3 million | — |
| July 23-24 reversal | 2 | -$465.2 million | Streak cut by 46.6% |
| July 27-28 continuation | 2 | -$61.3 million | Further outflows observed |
| July 29 rebound | 1 | +$32.1 million | 6.1% of the previous four sessions’ decline |
The most recent session made only a modest recovery from earlier losses. The prior four sessions saw declines totaling $526.5 million. Over the five sessions ending Wednesday, funds posted a cumulative loss of $494.4 million.
According to The Daily Upside, data from Morningstar Inc. NASDAQ:MORN showed the prior streak exceeded $1 billion. Bitwise Asset Management’s chief investment officer Matt Hougan stated: “The marginal buyer of a crypto ETF right now is probably a financial advisor.” The Daily Upside
That buyer has not emerged widely so far. Roxanna Islam, head of research at TMX VettaFi, stated that institutions continued to display “a lot of ambiguity.” The Daily Upside
The division at the fund level further challenges the straightforward low-fee argument. Farside reports the numbers in millions of dollars.
| Fund | Annual fee | July 29 flow | Cumulative net flow |
|---|---|---|---|
| iShares Bitcoin Trust, IBIT | 0.25% | +89.8 | +60,420 |
| Fidelity Wise Origin Bitcoin Fund, FBTC | 0.25% | -43.1 | +9,968 |
| ARK 21Shares Bitcoin ETF, ARKB | 0.21% | -14.6 | +1,318 |
| Grayscale Bitcoin Mini Trust, BTC | 0.15% | 0.0 | +2,632 |
| Grayscale Bitcoin Trust, GBTC | 1.50% | 0.0 | -27,416 |
| All funds | — | +32.1 | +51,410 |
IBIT received all total inflows even though there were a number of less expensive options available. This points to scale and liquidity outweighing fee considerations on Wednesday. However, it has not yet shown a permanent change in allocation.
IBIT’s total intake stands at $60.42 billion, accounting for 117.5% of the category’s combined flow. Without IBIT, the rest of the funds show a net outflow of $9.01 billion. A significant share of this shortfall comes from extended withdrawals from GBTC.
Macroeconomic conditions stay challenging. The Federal Reserve kept its target range steady at 3.50%-3.75%. Three members advocated for a 25 basis-point hike right away. Chair Kevin Warsh gave scant forward guidance, stating: “This Fed will not waver.” Federal Reserve
Bitcoin outperformed U.S. stocks following the decision. Reporting periods vary since cryptocurrency is traded around the clock.
| Market | Latest reported move | Reference point |
|---|---|---|
| Bitcoin | up 0.9% | $64,020 during Asia trade |
| S&P 500 | down 1.52% | Wednesday closing level |
| Nasdaq Composite | down 1.74% | Wednesday closing level |
| Dow Jones Industrial Average | down 2.19% | Wednesday closing level |
| U.S. dollar index | up 0.1% | 100.93 during Asia trade |
That relative strength could support appetite for ETFs. However, increased long-term yields continue to make non-yielding assets more expensive to hold. The 30-year Treasury yield climbed to its highest point in nearly 20 years.
U.S. growth and inflation figures are next on the radar for investors. GDP and personal-spending data are due ahead of Thursday’s cash market opening. According to a Reuters poll, the initial median estimate for GDP growth stands at 2.1% annualized.
| Upcoming catalyst | Date and time, EDT | Market impact |
|---|---|---|
| Q2 GDP initial reading | July 30, 08:30 | Growth outlook and rate projections |
| June personal income, spending and PCE inflation | July 30, 08:30 | Fed’s key inflation benchmark |
| June trade deficit and JOLTS | August 4 | Indicators for demand and labour market trends |
| July jobs data | August 7, 08:30 | September policy rate consideration |
| Upcoming FOMC meeting | September 15-16 | Forthcoming policy announcement |
Calendar dates are sourced from the BEA, BLS, and Federal Reserve.
Risks are balanced in both directions. If inflation eases, bitcoin and ETF inflows may see support. However, stronger economic data, increasing yields, or heightened geopolitical tensions could trigger renewed redemptions.
Investors will next look for broader participation. To confirm the rebound, positive flows need to extend beyond IBIT and persist through upcoming data releases. For now, gains remain focused rather than established.
Related articles: NYSE:BLK
