Bitcoin ETFs End Streak of Outflows, Inflowing $134.5 Million in a Single Day

Bitcoin ETFs have reversed their fortunes and are now experiencing a seven-day winning streak, taking in $134.5 million on Friday alone.

This influx of capital has extended their inflow streak to seven straight trading days, pulling in about $2.98 billion since September 17.

The funds had previously shed $450.4 million on September 15 and another $295.9 million the following day, but have since regained momentum with inflows outpacing those losses roughly fourfold.

Bitcoin ETF investors are now back in profit for the first time since January, with the average fund investor's cost basis estimated at $81,722 by Bloomberg analyst James Seyffart.