Bitcoin ETF sees inflows for four consecutive days

Bitcoin spot ETFs have attracted inflows for the fourth consecutive day. On 6 August, a net $129 million flowed into these funds, while Ethereum spot ETFs simultaneously recorded their third consecutive day of inflows with $92.15 million.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin spot ETFs recorded a net inflow of $129 million on 6 August, marking four consecutive days of inflows.
• Ethereum spot ETFs recorded $92.15 million in inflows and have now been in positive territory for three days running.
• Total assets in Bitcoin ETFs stand at $78.77 billion, while Bitcoin itself trades around $64.280.

Four consecutive days of inflows for Bitcoin ETFs

Data from SoSoValue shows that Bitcoin spot ETFs recorded a total net inflow of $128.69 million on 6 August (Eastern Time). This brings the streak of consecutive inflow days to four. The total assets in these funds currently stand at $78.77 billion.

The Bitcoin price stands at $64K at the time of writing, down 0.7% over the past 24 hours. Bitcoin came under considerable pressure earlier this year, but the sustained inflow into ETFs suggests that institutional investors consider the current level attractive.

Ethereum ETFs follow with three consecutive days of inflows

Ethereum spot ETFs also show a positive picture. On the same day, a net $92.15 million flowed in, bringing the inflow streak for these funds to three consecutive days. A day earlier, Bitcoin and Ethereum ETFs together raised more than $300 million, indicating that investor interest persists this week.

The simultaneous inflow into both Bitcoin and Ethereum ETFs is striking. Earlier, one of the first spot Bitcoin ETFs closed its doors, showing that the market for these products is still very much in motion. The current data shows that the overall picture remains positive for both fund categories for now.