Bitcoin ETFs Reach $626M in 3-Day Inflows
US-listed Bitcoin ETFs attracted $244. 4 million on Wednesday, marking three consecutive inflow days for a combined $626 million. US-listed spot Bitcoin exchange-traded funds (ETFs) attracted $244. 4 million in. . .
US-listed Bitcoin ETFs attracted $244. 4 million on Wednesday, marking three consecutive inflow days for a combined $626 million. US-listed spot Bitcoin exchange-traded funds (ETFs) attracted $244. 4 million in net inflows on Wednesday. Spot Bitcoin ETFs have kicked off August by fetching $626 million in net inflows over three consecutive days,accordingto SoSoValue data. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the gains, attracting $479 million over the three-session period and lifting its cumulative net inflows to nearly $61 billion,accordingto Farside Investors data. The inflows came as Bitcoin brieflyclimbedabove $64,920 on Wednesday. The cryptocurrency traded at $64,744. 53 at publication, up 0. 7% over the previous 24 hours,accordingto CoinGecko. The Crypto Fear & Greed Index, a sentiment gauge for Bitcoin and larger cryptocurrencies,remainedin “Extreme Fear” territory with a score of 25, down from 27 a day earlier. US-listed spot Ether and XRP ETFs diverged on Wednesday. Spot Ether ETFs attracted $60. 9 million in their second straight day of net inflows, bringing their two-day total to $114. 6 million. XRP ETFs recorded $3. 58 million in net outflows, reducing total net assets to $993. 4 million while cumulative net inflows stood at $1. 51 billion. Related:Bitcoin ETFs log inflows as cold wallet hack reignites custody debateThis article is produced in accordance with Cointelegraph'sEditorial Policyand is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.