Bitcoin ETFs Log $232M Day and Extend $2.8B Streak
TL;DR
- ETF Momentum: Bitcoin ETFs added $232.1 million on Wednesday, extending an eight-day streak totaling $2.8 billion.
- Market Sentiment: Bitcoin hovered near $79,520 as the Fear & Greed Index climbed to 71, signaling improving confidence despite slower Bitcoin ETFs inflows.
- Category Divergence: IBIT led with $2.02 billion over the streak while GBTC saw outflows, as analysts highlighted record Bitcoin ETFs weekly flows and rising trading volume across the market.
Bitcoin ETFs recorded another day of inflows on Wednesday, adding $232.1 million and extending their run to eight consecutive sessions. The pace slowed compared to Tuesday’s stronger showing. Yet, the category continued to attract steady interest as traders assessed shifting market sentiment. The streak has now pulled in about $2.8 billion, trimming year-to-date net outflows and reinforcing Bitcoin ETFs’ role in shaping daily market flows.
Cooling Bitcoin ETFs Inflows and Market Reaction
The latest figure marked a 26% drop from Tuesday’s $314.4 million, the smallest daily total since Aug. 18 according to SoSoValue. Even with the slowdown, cumulative net inflows climbed to $54.6 billion and total net assets reached $98.6 billion. Bitcoin softened after briefly pushing above $80,000 earlier in the week, trading near $78,759 at publishing time, down 0.3% over the past day.
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