Bitcoin ETF sees fifth consecutive day of inflows

American spot Bitcoin ETFs are showing another positive day. On 7 August, net inflows reached $98.85 million, bringing the streak of positive trading days to five. Spot Ethereum ETFs are also performing well, with $49.60 million in inflows on the same day.

Bitcoin is available at OKX and Bybit.

In brief:

• US spot Bitcoin ETFs have recorded five consecutive trading days of net inflows, totalling $98.85 million on 7 August.
• Spot Ethereum ETFs follow with four consecutive days of positive inflows, including $49.60 million on the same day.
• The total asset base of the Bitcoin ETFs stands at $79.50 billion, while Bitcoin trades around $64.973.

Five consecutive days of inflows for Bitcoin ETFs

According to data from SoSoValue, net inflows of $98.85 million flowed into US spot Bitcoin ETFs on 7 August. This marks the fifth consecutive trading day with a positive balance. The total asset base of these funds currently stands at $79.50 billion.

The Bitcoin price stands at $65K at the time of writing, a slight increase of 0.1% over the past 24 hours. A day earlier, the ETFs also closed in positive territory, showing a clear pattern of sustained inflows.

Ethereum ETFs also attract inflows

In addition to Bitcoin, spot Ethereum ETFs are also performing well. On 7 August, $49.60 million in net inflows flowed into these funds. This is the fourth consecutive day that investors have, on balance, put money into these products.

The combined inflows into both Bitcoin and Ethereum ETFs point to sustained interest from institutional and retail investors. Earlier this week, both ETF categories together already raised more than $300 million on 5 August, further strengthening the positive trend.