US-listed spot Bitcoin exchange-traded funds (ETFs) drew $232.1 million in net inflows on Wednesday, slowing from the previous day while extending their inflow streak to eight trading days.
The latest inflow was down about 26% from Tuesday’s $314.4 million and marked the smallest daily total since Aug. 18, according to SoSoValue data.
The eight-session streak has attracted about $2.8 billion, cutting year-to-date net outflows to about $2.03 billion. Cumulative net inflows rose to $54.6 billion, while total net assets reached $98.6 billion.
Daily inflows in US spot Bitcoin ETFs since Aug. 17. Source: SoSoValue
The slowdown came as Bitcoin stalled after briefly climbing above $80,000 on Tuesday. Bitcoin traded at about $78,759 at publishing time, down 0.3% over the past 24 hours, according to CoinGecko.
Despite Bitcoin’s stalled price action, crypto market sentiment strengthened on Thursday. The Crypto Fear & Greed Index rose to 71…
