Bitcoin ETF Inflows Hit $98.85M Amid Market Recovery

U.S. spot Bitcoin ETFs saw significant net inflows on August 7, totaling $98.85 million. This marks their fifth consecutive day of positive flows, as per SoSoValue data.

This streak of inflows indicates steady demand for crypto investment products despite recent market weakness. The inflows in Bitcoin ETFs are particularly noteworthy, leading the latest recovery in institutional flows.

Notably, spot Ethereum ETFs also attracted $49.60 million on August 7, extending their own inflow streak to four trading days.