US Spot Bitcoin ETFs See Longest Inflow Streak in Nearly Three Months
En resumen
- US-listed spot Bitcoin ETFs recorded their fifth consecutive day of net inflows, totaling $727.3 million, marking the longest streak in nearly three months.
- Monday saw $226.9 million in inflows, reducing year-to-date outflows below $5 billion, though an analyst suggests this indicates easing selling pressure rather than broad institutional demand.
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Por qué importa
US-listed spot Bitcoin ETFs have experienced a period of net outflows, with year-to-date outflows previously exceeding $5 billion.
US-listed spot Bitcoin exchange-traded funds (ETFs) posted their fifth consecutive day of net inflows, marking their longest winning streak in nearly three months.
Bitcoin ETFs attracted $226.9 million in net inflows on Monday, the strongest daily inflows since July 6, bringing total net inflows over the five-day streak to about $727.3 million, according to data provider SoSoValue.
The five-session streak is the longest run of consecutive inflows since a six-session stretch from April 30 through May 5. Monday’s inflows reduced year-to-date net outflows for US spot Bitcoin ETFs to below $5 billion.
Simon-Peter Massabni, head of business development at XS.com, said the recent inflows suggest selling pressure may be easing rather than signaling a broad return of institutional demand. He added that Bitcoin would need to break and hold above the $65,000–$65,500 range to strengthen the case for a sustained uptrend.
At the time of publication, BTC traded at $65,879, up 3.3% over the past 24 hours, according to CoinGecko.
Preguntas abiertas
- Will Bitcoin break and hold above $65,500?
- Will institutional demand broadly return?
- How long will the inflow streak continue?
