Spot Bitcoin ETFs recorded their strongest single-day inflows in two months, with most of the demand coming from issuers other than BlackRock’s IBIT.

U.S.-listed Bitcoin ETFs drew in $221.7 million on Thursday, marking the highest daily inflow in roughly eight weeks, according to SoSoValue data.

Fidelity’s FBTC led the activity with $165.96 million in inflows, followed by ARKB at $91.84 million and HODL at $4.35 million. By contrast, BlackRock’s IBIT—the largest Bitcoin ETF by assets—posted $40.43 million in outflows.

The move ended a 10-day streak of withdrawals that had seen about $2.73 billion exit Bitcoin funds. Even so, year-to-date flows remain negative, with net outflows still around $5.4 billion.

While Thursday’s inflow marks a short-term improvement in sentiment, it is small compared with the broader selling pressure seen earlier this year. Still, it provided some support for Bitcoin’s rebound toward $61,700 after briefly falling below $58,000.

A sustained recovery will likely depend on consistent ETF inflows rather than isolated spikes, as previous bull cycles have typically been driven by steady institutional demand.