U.S. spot Bitcoin exchange-traded funds (ETFs) experienced $89 million in net inflows on Thursday, marking the longest streak of positive flows since December 2022.
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced $89 million in net inflows on Thursday, marking the longest streak of positive flows since December 2022.
This brings the total inflows over the past 10 trading days to $1.06 billion, although this figure is notably smaller than the single-day inflow of $1.2 billion recorded on Jan. 17.
Analyst Min Jung from Presto Research noted that while institutional interest in Bitcoin persists, the current inflows are considered relatively modest compared to earlier in the year. "This suggests that while institutions are not aggressively risk-on, there is still demand for Bitcoin exposure in the market," Jung stated.
Fidelity's FBTC significantly contributed to Thursday's inflows, attracting $97.14 million, while BlackRock's IBIT saw nearly $4 million in new investments. Conversely, Invesco's BTCO reported outflows of nearly $7 million, and WisdomTree's BTCW experienced a $5 million decrease in assets.
The volatility in both cryptocurrency and broader equities markets has been influenced by recent policy announcements from U.S. President Donald Trump regarding tariffs on foreign countries. Despite recovering some investor confidence, ongoing uncertainties continue to impact market sentiment.
In a contrasting trend, spot Ether ETFs have recorded net outflows on all but two days since Feb. 20, highlighting a divergence in investor interest between Bitcoin and Ether.
As of the latest reports, Bitcoin is trading at $86,024, reflecting a 1.5% decline in the past 24 hours. Ether has fallen 4.7%, currently priced at $1,929. The continued inflows into Bitcoin ETFs illustrate a sustained, albeit cautious, demand for crypto exposure amid fluctuating market dynamics.
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