Bitcoin ETFs just broke a brutal $500M losing streak, but the entire recovery is an illusion propped up by BlackRock

Jul. 31, 2026 at 4:15 am GMT • 2 min read 01 A $32.1 million net inflow ended four consecutive outflow sessions for U.S. spot Bitcoin ETFs. 02 IBIT’s $89.8 million inflow offset $57.7 million of combined outflows from Fidelity and ARK funds. 03 Every other listed fund was flat, so the market’s positive daily total depended entirely on IBIT.U.S. spot Bitcoin ETFs snapped a four-session losing streak on July 29 and finished the day with $32.1 million in net inflows.However, one fund did all the lifting. BlackRock’s iShares Bitcoin Trust ETF, or IBIT, pulled in $89.8 million, enough to cover the $43.1 million that left Fidelity’s Wise Origin Bitcoin Fund, or FBTC, and the $14.6 million that exited the ARK 21Shares Bitcoin ETF, or ARKB.July 29 U.S. spot Bitcoin ETF net flows ($ millions)FundNet flowBlackRock IBIT+$89.8 millionFidelity FBTC-$43.1 millionARK 21Shares ARKB-$14.6 millionAll other listed funds$0.0Total+$32.1 millionIBIT’s inflow exceeded the complex’s net result by exactly $57.7 million because the Fidelity and ARK outflows reduced BlackRock’s contribution. Every other listed product showed zero net flow. A zero entry means no net flow was reported for the session, not that...