Bitcoin ETFs Extend Inflow Streak to 9 Days With $242M Added
Spot Bitcoin (BTC) exchange-traded funds (ETFs) added $242.30 million in net inflows on Aug. 27. The gain extended their streak to nine consecutive trading days.
Spot Ethereum (ETH) ETFs matched the pace. The category added $235 million on the same day, marking its own ninth straight inflow session.
Bitcoin And Ether Funds Move In Lockstep
The parallel streaks follow a stretch of heavy institutional buying. BlackRock's iShares Bitcoin Trust (IBIT) contributed $209 million of a $338 million Bitcoin ETF inflow on Aug. 24. Its Ethereum fund, ETHA, added $90.92 million of that day's $116 million Ethereum ETF haul.
Bitcoin traded near $80,000 on Thursday, up 2.12% over 24 hours. Ether changed hands near $2,480 over the same period.
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