Bitcoin Price Holds Firm Above $64K as ETF Inflows Reach New Heights

Bitcoin's price has remained steady above $64,000 after U.S. spot Bitcoin ETFs recorded another day of strong inflows on August 6. The latest statistics show that institutional investors continue to accumulate Bitcoin instead of waiting for a breakout.

The total net assets of U.S. spot Bitcoin ETFs have reached $78.77 billion, with a total inflow of $52.08 billion to date. This is a sign that investors are not afraid to increase their stake in the asset despite it being below its most recent high.

According to Wu Blockchain, Bitcoin spot ETFs recorded $129 million in net inflows on August 6, marking four consecutive days of inflows. Ethereum spot ETFs attracted $92.15 million in net inflows, marking three consecutive days of positive flows.