IBIT’s $54.8M Inflow Masks FBTC, ARKB Outflows as BTC ETF Streak Hits Day Three

US-listed spot Bitcoin ETFs booked a third consecutive day of net inflows, pulling in $21.44 million, but the headline figure obscures a narrow distribution of capital. BlackRock’s IBIT alone attracted $54.8 million in the session, single-handedly offsetting outflows from Fidelity’s FBTC ($24.92 million) and ARK 21Shares’ ARKB ($8.44 million) to keep the category positive.

Total Bitcoin ETF trading volume reached $1.51 billion for the session, with cumulative net assets closing at $77.26 billion, according to official flow data cited by Coinotag. Spot BTC itself traded near $62,090, down roughly 2.65% over 24 hours, with the composite scoring engine tracked by Coinotag rating the $61,896 support at 71/100 and the $67,369 resistance at 64/100 based on Ichimoku and moving-average confluences.

A concentrated recovery, not a broad one

The three-day streak follows a sharper two-session burst that ended weeks of capital bleed: official records show $221.72 million in net inflows on July 2 and $265.69 million on July 6, marking the first consecutive positive days for the category since May. That pair of sessions reversed a 10-day stretch in which US spot Bitcoin ETFs shed roughly $2.73 billion amid a broader risk-off rotation.

The dependency on a single issuer to keep the tape green is notable. With FBTC and ARKB both bleeding on the same day IBIT gained, the data suggests broad-based institutional re-entry across all listed products has not yet materialized — the recovery is currently a BlackRock story rather than a category-wide one.

Coinbase Premium stays negative for 50 days

On-chain demand indicators paint a more cautious picture than the fund flows alone. The Coinbase Premium Index has remained in negative territory for approximately 50 days, meaning Bitcoin has consistently traded at a slight discount on Coinbase relative to Binance — a proxy for US-based spot buying appetite.

A persistently negative reading even as ETF products draw net capital points to weak domestic spot demand underneath the headline inflows. Historically, the strongest Bitcoin uptrends have coincided with ETF inflows and spot accumulation moving together rather than one outpacing the other, which is the divergence currently on display.

Derivatives positioning adds context: open interest sits at $12.22 billion with a long/short split of 66.4% to 33.6% and a funding rate of +0.0066% favoring longs, while RSI reads 45.63 — neither overheated nor oversold.

ETH inflows extend, XRP sees zero activity

Ethereum ETFs logged a fourth straight inflow day, adding $26.93 million entirely through BlackRock’s ETHA, which has become the primary driver of the category’s recent stabilization. Demand also spread to select altcoin products: HYPE ETFs added $4.32 million, largely via Bitwise’s BHYP, while Solana funds pulled in $1.67 million led by Fidelity’s FSOL.

XRP ETFs, by contrast, recorded no trading activity for the session. The uneven spread across products underscores that while overall crypto ETF sentiment has firmed, appetite remains concentrated in Bitcoin, Ethereum and a small set of large-cap tokens rather than broad-based.

Read more: IBIT Pulls 883.6 BTC From Coinbase Prime, Taking 24H Custody Drawdown to 3,268 BTC