Bitcoin ETFs Extend Winning Streak as Energy Prices Cap Rally
The streak of net inflows into Bitcoin exchange-traded funds (ETFs) continues, hitting nine consecutive trading days. On Tuesday, spot Bitcoin ETFs attracted $66.2 million, bringing their cumulative net inflow to roughly $3.1 billion year-to-date, according to data from SoSoValue.
The inflows have been steady since September 23rd, with the funds attracting over $1 billion in new capital during this time. However, not all assets are seeing gains - spot Ether ETFs shed $3 million on Tuesday, ending their seven-day streak of net inflows. The cumulative net inflow for these funds now stands at about $14 billion.
Zcash ETFs also saw a reversal earlier in the week, posting an $8 million outflow on Monday, snapping a six-day streak of inflows. Bitcoin's price remains relatively stable, trading at around $83,567 as of publication, down 0.4% over the past 24 hours.