Bitcoin ETFs Notched Their Tenth Consecutive Day of Inflows, Adding $89 Million

Bitcoin ETFs continued their upward trajectory, marking their tenth consecutive day of inflows with an $89.06 million boost.

Bitcoin ETFs notched their tenth consecutive day of inflows, adding $89 million, led by Fidelity’s FBTC and Blackrock’s IBIT.

The latest data from NetFlows showed that inflows hit 10-Day Streak For Bitcoin ETFs While Ether ETFs Struggle with Continued Exits.

Bitcoin ETFs continued their upward trajectory, marking their tenth consecutive day of inflows with an $89.06 million boost. Fidelity’s FBTC took the lead with $97.14 million in inflows, while Blackrock’s IBIT saw a smaller addition of $3.97 million. However, outflows from Invesco’s BTCO at $6.95 million and Wisdomtree’s BTCW at $5.09 million reduced the day’s total. Nonetheless, total net assets for bitcoin ETFs rose to $98.29 billion, showcasing the products’ dominance.

Investor interest in bitcoin ETFs remained high, with total trading volume reaching $2.02 billion. The momentum highlighted sustained confidence in BTC’s price stability and long-term potential.

In contrast, ether ETFs faced another day of selling pressure with a $4.22 million outflow. Fidelity’s FETH saw a $2.01 million exit, and Vaneck’s ETHV had an outflow of $2.21 million. Trading volume was $142.47 million, and total net assets stabilized at $6.8 billion.

As bitcoin ETFs maintain their winning streak and ether ETFs struggle to find support, they continue to diverge. With ten straight days of inflows, bitcoin is evidently attracting more institutional capital, while ether's recent trend indicates a lack of investor interest in ETH.