Over $1b flows into spot Bitcoin ETFs as macro sentiment improves
2025-07-04 11:16:17
Main Idea
U.S. spot Bitcoin ETFs recorded over $1 billion in net inflows following President Trump's trade deal announcement, with Fidelity’s FBTC and BlackRock’s IBIT leading the inflows.
Key Points
1. U.S. spot Bitcoin ETFs saw net inflows exceeding $1 billion after President Trump revealed a trade deal with an ASEAN member state.
2. Fidelity’s FBTC led inflows with $237.13 million, followed by BlackRock’s IBIT with $114.25 million.
3. The inflows occurred shortly after the U.S. Senate passed Trump’s 'Big Beautiful Bill' on July 1, despite its lack of provisions related to Bitcoin ETFs.
4. Bitcoin ETFs had their first daily outflow on July 1, ending a 15-day consecutive inflow streak before rebounding sharply.
5. Trump’s trade pact with Vietnam includes a 20% tariff on Vietnamese imports and a 40% levy on transshipped goods, while eliminating tariffs on U.S. exports to Vietnam.
Description
U.S. spot Bitcoin exchange-traded funds recorded over $1 billion in net inflows over the last two trading sessions as macroeconomic concerns cooled after President Donald Trump revealed a trade deal with an ASEAN member state. According to data from SoSoValue, inflows totaled $407.78 million on July 2, followed by $601.94 million on July 3, the highest single-day inflow since May 23. Notably, on Thursday, Fidelity’s FBTC led the highest inflows with $237.13 million flowing into the fund, followe...
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