Bitcoin Spot ETF Inflows Drop Sharply as Six-Day Streak Hits $2.8 Billion
Bitcoin spot ETFs saw their six-day inflow streak continue on Thursday, adding $191 million to bring the total past $2.8 billion.
The funds' daily inflows dropped sharply after peaking at $999 million on Monday, a decline of 81% by Thursday.
BlackRock's iShares Bitcoin Trust was once again the dominant force behind the streak, accounting for nearly half of the six-session total inflows with around $1.35 billion.
The ETFs' year-to-date numbers have turned positive, accumulating net inflows of about $787 million, a dramatic turnaround from the roughly $5.5 billion shortfall recorded at the end of June.