US-listed spot Bitcoin exchange-traded funds brought in $232.1 million in net inflows on Wednesday, extending their winning streak to eight trading sessions but slowing from the day before. According to SoSoValue, the daily total was down about 26% from Tuesday’s $314.4 million and was the smallest since Aug. 18. Over the eight-day run, spot Bitcoin ETFs have taken in about $2.8 billion, trimming year-to-date net outflows to roughly $2.03 billion. Cumulative net inflows climbed to $54.6 billion, and total net assets reached $98.6 billion.\n\nThe softer inflow came after Bitcoin briefly moved above $80,000 on Tuesday before slipping back. CoinGecko data showed BTC at about $78,759 at the time of publication, down 0.3% over the previous 24 hours. Even so, broader market sentiment improved. Alternative.me’s Crypto Fear & Greed Index rose to 71 from 65 a day earlier, staying in Greed territory. Outside Bitcoin, US spot Ether ETFs logged an eighth straight day of inflows with $192.4 million on Wednesday, while US-listed spot XRP ETFs drew $28.1 million, their largest daily inflow since Jan. 5. Cumulative net inflows for XRP funds reached $1.62 billion.
US-listed spot Bitcoin exchange-traded funds recorded $232.1 million in net inflows on Wednesday, extending their inflow streak to eight trading days even as the pace slowed from the previous session.
According to SoSoValue, the latest total was about 26% lower than Tuesday’s $314.4 million and marked the smallest daily inflow since Aug. 18.
The eight-session run has brought in about $2.8 billion. That reduced 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.
Bitcoin slips back under $80,000
The slowdown in ETF inflows came after Bitcoin briefly climbed above $80,000 on Tuesday and then lost momentum. CoinGecko data showed Bitcoin trading at about $78,759 at the time of publication, down 0.3% over the past 24 hours.
Even with Bitcoin holding below that level, crypto market sentiment strengthened on Thursday. Data from Alternative.me showed the Crypto Fear & Greed Index rising to 71 from 65 a day earlier, remaining in Greed territory.
Ether and XRP funds also post inflows
Among other crypto funds, US spot Ether ETFs posted an eighth straight day of inflows on Wednesday, bringing in $192.4 million.
SoSoValue also showed that US-listed spot XRP ETFs attracted $28.1 million on Wednesday, their largest daily inflow since Jan. 5. Cumulative net inflows for those products reached $1.62 billion.
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