Bitcoin ETFs Record $314M Inflows, Marking 7 Straight Days of Gains

United States spot Bitcoin exchange-traded funds (ETFs) have continued to attract new capital, extending their positive streak to seven consecutive trading days, driven by investor demand.

According to data from SosoValue, U.S. spot Bitcoin ETFs welcomed approximately $314 million in combined net inflows. BlackRock IBIT led the group with $284.42 million in net inflows.

Five Funds Record Inflow

Aside from BlackRock, Fidelity’s FBTC saw an impressive $15.45 million inflow. Grayscale’s BTC followed next with a modest $6.98 million inflow. Morgan Stanley came in fourth in the group. The investment management firm added roughly $4.52 million, and Bitwise’s BITB brought in another $3 million.

Unlike these five, other spot Bitcoin ETFs recorded no net inflows during this time. These included Grayscale’s GBTC, Ark & 21Shares’ ARKB, VanEck’s HODL, Valkyrie’s BRRR, Franklin’s EZBC, Invesco’s BTCO, and WisdomTree’s BTCW.

On the bright side, the latest inflow makes it seven straight days of positive flows that spot Bitcoin ETFs see.

Ethereum ETFs Extend Seven-Day Streak

The Ethereum ETF market is also seeing positive flows like its BTC-based counterpart. It raked in $180 million in net flows in its latest record. This brings its inflow streak to seven consecutive days.

BlackRock’s ETHA led the flows through ether-based ETFs with about $146.44 million, followed by Fidelity’s FETH, which reported roughly $25.65 million. Lastly, BlackRock’s ETHB added another $7.61 million to the inflow.

Although Bitcoin ETFs saw significantly higher inflows, the Ethereum ETF market also showed resilience. The combined strength of both products points to a broader interest in crypto-based products.

The reason for the inflow is not far-fetched. The underlying crypto assets, BTC and ETH, have seen increased activity in recent days. According to data from CoinGecko, BTC and ETH have risen by 22.4% and 28.2%, respectively, over the last week. Presently, BTC currently trades at over $78,500, while ETH trades at almost $2,500.

Like both cryptocurrencies, other leading digital assets are seeing notable increases. SOL, BNB, and XRP are examples of such.

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