Bitcoin ETFs Attract Another $347M as BTC Slips Below $84K

US spot Bitcoin exchange-traded funds (ETFs) drew $347 million in net inflows on Wednesday, extending their positive streak to five trading days. Despite Bitcoin's price fall below $84,000 after reaching a high of $87,000, investors continue to pour money into these funds.

The cumulative inflows for the five sessions through Wednesday reached $2.65 billion, according to SoSoValue data. BlackRock's iShares Bitcoin Trust (IBIT) led the way with $166 million in inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $143 million.

US spot Ether ETFs drew around $105 million on Wednesday, marking their fourth consecutive day of net inflows. Cumulative inflows for these funds reached $13.8 billion. Spot XRP ETFs added $18 million, bringing cumulative inflows to about $1.8 billion.