Bitcoin ETF Inflows Reach Fifth Consecutive Session Amid Stable Prices
Bitcoin ETFs continued their five-day inflow streak on Wednesday, attracting $346.98 million in fresh capital. This marks the fifth consecutive session of net inflows for these funds, with Blackrock's IBIT leading the market by adding $166.29 million and Fidelity's FBTC bringing in $143.24 million.
The sustained demand from institutional investors has been a major driver of this trend, with bitcoin prices stabilizing around the mid-$80Ks. The combined net assets of these funds now stand at $108.66 billion, with daily trading volume reaching $3.06 billion.
Not only are Bitcoin ETFs seeing significant inflows, but other crypto-based funds are also attracting capital. Ether ETFs, for example, recorded $104.63 million in net inflows over the past four days, while XRP and Solana ETFs added $18.04 million and $13.77 million respectively.
However, HYPE ETFs were a notable exception, recording $1.58 million in net outflows. Morgan Stanley's MSBT and Ark & 21Shares' ARKB also saw inflows of $32.41 million and $5.04 million respectively.