U.S. Bitcoin ETFs Return to Inflows as Zcash Fund Attracts $46.56 Million

U.S. spot bitcoin exchange-traded funds recorded $159.45 million in net inflows on Thursday, reversing recent weakness as BlackRock’s iShares Bitcoin Trust (IBIT) led the rebound. Ether and XRP funds continued to see outflows, while a recently launched Zcash ETF attracted $46.56 million in new capital.

BlackRock’s IBIT Leads Bitcoin ETF Rebound

The return to positive flows marks a recovery for the U.S. bitcoin ETF market after a period of investor withdrawals. BlackRock’s IBIT accounted for the largest share of Thursday’s inflows, highlighting continued institutional demand for bitcoin exposure through regulated investment products.

Spot bitcoin ETFs allow investors to gain exposure to bitcoin through traditional brokerage and market infrastructure without directly holding the cryptocurrency.

Ether and XRP Funds Remain Under Pressure

While bitcoin funds attracted fresh capital, exchange-traded funds linked to ether and XRP continued to experience outflows. The divergence suggests that investor demand remained concentrated in bitcoin rather than extending broadly across digital-asset funds.

Zcash ETF Draws Fresh Capital

The recently launched Zcash ETF recorded $46.56 million in inflows on Thursday. Zcash is a privacy-focused cryptocurrency designed to support shielded transactions, and the fund’s inflows indicate early investor interest in gaining exposure to the asset through an exchange-traded product.

The contrasting flows across bitcoin, ether, XRP and Zcash funds underscore the varied appetite for cryptocurrency investment products as institutional participation continues to develop.