Bitcoin ETFs Draw Record $2.8B in Eight-Day Streak

The U.S. spot Bitcoin ETFs have been drawing significant inflows over the past eight trading sessions, totaling $2.8 billion. This streak shows a trend of sustained demand for Bitcoin and its acceptance by investors at current price levels.

According to Farside Investors data, BlackRock's IBIT accounted for 72% of this total, or $2.02 billion, while Grayscale's GBTC lost $50.4 million on Wednesday alone.

This divergence has defined the category since launch, with cumulative net inflows standing at $54.7 billion. Over that period, IBIT has drawn in $63.1 billion, while GBTC has bled $27.6 billion.

Tim Sun, senior researcher at HashKey, warned against reading too much into single-day ETF flows, saying they serve as a trend-confirmation indicator rather than a leading one. He noted that sustained inflows beyond five consecutive days signal 'sustained spot demand', and the current run follows a heavy correction in the $60,000 to $70,000 range.