Bitcoin ETFs extend inflow streak to 6 days with $203M added
Resumo:US-listed spot Bitcoin ETFs recorded their sixth consecutive day of net inflows on Tuesday, adding $203.1 million and bringing the six-session total to about $930 million, the longest streak since April. Bitcoin traded above $65,000, briefly reaching $66,700, and was at $65,802 at publication. The Crypto Fear & Greed Index rose from "extreme fear" to "fear." Analysts noted that Bitcoin needs to break and hold the $65,000–$65,500 range to sustain an uptrend. Since launch, the funds have accumulated $51.8 billion in cumulative net inflows, with total net assets at $80.9 billion, though year-to-date net outflows stand at about $4.84 billion.
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, according to 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, according to CoinGecko.
Broader crypto market sentiment also improved on Wednesday, with the Crypto Fear & Greed Index rising to “fear” from “extreme fear.”
The recovery comes as analysts said Bitcoin needs to break above and hold the $65,000 to $65,500 range to 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 at about $4.84 billion in net outflows year-to-date.
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