Bitcoin ETFs Add $930M Inflows Over Six-Day Streak
Bitcoin ETFs extend inflow streak to six days with $203M addedUS spot Bitcoin ETFs extended their inflow streak to six sessions, bringing in about $930 million while remaining down $4. 84 billion on a net. . .
Bitcoin ETFs extend inflow streak to six days with $203M addedUS spot Bitcoin ETFs extended their inflow streak to six sessions, bringing in about $930 million while remaining down $4. 84 billion on a net basis year to date. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their sixth consecutive day of net inflows on Tuesday, adding $203. 1 million. The Bitcoin ETFs attracted about $930 million over the six-session streak, their longest run of consecutive inflows since April,accordingto SoSoValue data. The inflows came as Bitcoin traded above $65,000 and briefly climbed to $66,700 on Tuesday. At publication, Bitcoin traded at $65,802, up about 2% over the previous 24 hours,accordingto CoinGecko. Broader crypto market sentiment also improved on Wednesday, with the Crypto Fear & Greed Indexrisingto “fear” from “extreme fear. ”The recovery comes as analysts said Bitcoin needs to break above andhold the $65,000 to $65,500 rangeto strengthen the case for a sustained uptrend. The funds have accumulated $51. 8 billion in cumulative net inflows since launch, while total net assets reached $80. 9 billion. US spot Bitcoin ETFs remain about $4. 84 billion in net outflows year-to-date. Related:CoinShares debuts Bitcoin mining ETF in Europe entranceCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’sEditorial Policyand aims to provide accurate and timely information. Readers are encouraged to verify information independently.