US spot Bitcoin ETFs recorded $69 million in inflows on Wednesday, extending their inflow streak to seven sessions and bringing total inflows during the period to nearly $1 billion
US-listed spot Bitcoin exchange-traded funds (ETFs) have totaled about $1 billion in net inflows over seven straight trading sessions.
Spot Bitcoin ETFs recorded $68.99 million in net inflows on Wednesday, bringing cumulative inflows since July 14 to $999.38 million, according to data from SoSoValue.
The current streak remains below April’s nine-session run, when spot Bitcoin ETFs attracted $2.1 billion in net inflows.
Daily flows in US-listed spot Bitcoin ETFs since July 14. Source: SoSoValue
Wednesday’s inflows were below Tuesday’s $203 million as Bitcoin price fell below $66,000. At publishing time, BTC traded at about $65,729, down roughly 0.3% over the past 24 hours, according to CoinGecko. The Crypto Fear & Greed Index, a market sentiment gauge, slipped to a reading of 31 on Thursday from 33 on Wednesday.
“The consistency suggests institutions are rebuilding long-term Bitcoin exposure through regulated ETFs,” Markus Levin, co-founder of XYO, a decentralized verification protocol, told Cointelegraph. Levin said improving macroeconomic sentiment, expectations for easier monetary policy, cooling inflation and stronger equity markets have encouraged investors to rotate back into risk assets.
Related: Bitcoin price avoids major Iran jitters as S&P 500 ‘short squeeze’ on horizon
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