US Spot Bitcoin ETFs Post $32M After Outflow Streak
Bitcoin ETF inflows return as Ether funds slip into outflowsUS spot Bitcoin ETFs recorded $32. 1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow. . .
Bitcoin ETF inflows return as Ether funds slip into outflowsUS spot Bitcoin ETFs recorded $32. 1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32. 1 million in net inflows. After posting more than$500 million in combined outflowsover four straight trading sessions, spot Bitcoin ETFs returned to positive territory despite Bitcoin briefly falling to around $63,300 during US trading hours,accordingto data from SoSoValue andCoinGecko. So far this week, US spot Bitcoin ETFs have recorded net outflows of $29. 29 million, while monthly net inflows have reached $204. 7 million. Cumulative net inflows across the funds stand at $51. 36 billion. While Bitcoin ETFs showed signs of recovery, US-listed spot Ether ETFs logged net outflows of $18. 65 million on Wednesday. Despite the daily decline, spot Ether ETFs have attracted $342. 9 million in net inflows so far this month, well above the $204. 7 million recorded by spot Bitcoin ETFs. At the time of publication, Bitcoin traded at $63,990, down 0. 2% over the past 24 hours and 2. 5% over the previous seven days. Ethertradedat $1,902, down 1. 1% over the past seven days. The Crypto Fear & Greed Indexremainedin a “fear” reading on Thursday with a score of 28, down one point from Wednesday, although sentiment improved from “extreme fear” a month ago. Related:Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%This 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.