US spot Bitcoin exchange-traded funds added another $66.2 million on Tuesday, extending their net inflow run to nine trading days and lifting cumulative inflows during that stretch to about $3.1 billion, according to SoSoValue. Year-to-date net inflows climbed to roughly $1 billion.
The tone was different in other crypto fund segments. Spot Ether ETFs posted about $3 million in net outflows on Tuesday, ending a seven-session inflow streak. Over those seven sessions, the funds had pulled in more than $851 million, taking cumulative net inflows to about $14 billion. Earlier in the week, Zcash ETFs also reversed course, recording $8 million in net outflows on Monday after six straight days of inflows.
At publication, Bitcoin changed hands at about $83,567, down 0.4% over the previous 24 hours, based on CoinGecko data. Alternative.me’s Crypto Fear & Greed Index also eased to 71 from 73 a day earlier, though it remained in the “Greed” zone. Kyle Rodda, senior financial market analyst at Capital.com, said rising crude prices were limiting non-yielding assets and had caused Bitcoin’s advance to pause somewhat.
US spot Bitcoin exchange-traded funds extended their net inflow streak to nine trading days on Tuesday, even as spot Ether and Zcash funds turned negative.
Data from SoSoValue showed spot Bitcoin ETFs brought in $66.2 million on Tuesday. That pushed total net inflows during the nine-day run to roughly $3.1 billion, while year-to-date net inflows rose to about $1 billion.
Ether ETFs break a seven-session inflow run
Some altcoin-linked funds moved the other way. Spot Ether ETFs posted about $3 million in net outflows on Tuesday, ending a seven-day streak of inflows.
Across those seven sessions, the funds had attracted more than $851 million, taking cumulative net inflows to about $14 billion.
Zcash funds also flipped earlier in the week
Zcash ETFs had already broken their own inflow streak earlier in the week. On Monday, the funds recorded $8 million in net outflows after six consecutive days of inflows.
Bitcoin slips 0.4% as sentiment cools slightly
Bitcoin traded at about $83,567 at the time of publication, down 0.4% over the past 24 hours, according to CoinGecko.
Broader market sentiment softened a bit as well. Alternative.me’s Crypto Fear & Greed Index fell to 71 from 73 the previous day, though it stayed in “Greed” territory.
Capital.com analyst points to crude prices
Kyle Rodda, senior financial market analyst at Capital.com, told Cointelegraph, “The rise in crude prices is capping non-yielding assets, so Bitcoin’s rally has taken a bit of a pause.”
Rodda added that Bitcoin could struggle to regain upward momentum while energy-price risks remain, though its technical picture was still “quite constructive.”
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
