Bitcoin ETFs Maintain Inflow Streak for Six Consecutive Days
US-listed spot Bitcoin exchange-traded funds (ETFs) registered a sixth consecutive day of net inflows on Tuesday, accumulating an additional $203.1 million.
Over this six-session period, Bitcoin ETFs attracted approximately $930 million, marking their most extended inflow streak since April, according to SoSoValue data. This occurred as Bitcoin traded above $65,000, briefly reaching $66,700 on Tuesday. Bitcoin was valued at $65,802 at the time of publication, reflecting an approximate 2% increase over the preceding 24 hours.
The broader cryptocurrency market sentiment also showed improvement, with the Crypto Fear & Greed Index shifting from “extreme fear” to “fear.” Analysts indicated that Bitcoin needed to surpass and maintain the $65,000 to $65,500 range to support a sustained upward trend. For those looking to invest in the cryptocurrency market, exploring the best crypto apps can be a good starting point.
Since their inception, the funds have gathered $51.8 billion in cumulative net inflows, with total net assets reaching $80.9 billion. US spot Bitcoin ETFs currently show net outflows of approximately $4.84 billion year-to-date.