US Bitcoin ETFs draw $203M, extending inflow streak to six days
US spot Bitcoin ETFs recorded their longest inflow streak since April as the underlying asset breached a key technical threshold, offering a tentative signal of renewed institutional appetite.
US-listed spot Bitcoin exchange-traded funds recorded $203.1 million in net inflows on Tuesday, extending a buying streak to six consecutive sessions. The sustained accumulation brought the six-day total to approximately $930 million. This marks the longest run of consecutive daily inflows since April, according to data from SoSoValue.
This renewed institutional demand aligns closely with a technical recovery in the underlying digital asset. Bitcoin moved firmly above $65,000 on Tuesday, briefly spiking to $66,700 before retracing to $65,802. This represented a 2% gain over the previous 24 hours, per CoinGecko data.
Market observers are closely monitoring the $65,000 to $65,500 price zone as a critical inflection point. Analysts emphasize that Bitcoin must decisively breach and hold this specific range to confirm a structural shift and build a credible case for a sustained uptrend. The recent ETF inflows suggest some large investors are actively positioning for such a breakout.
Broader market sentiment metrics are beginning to reflect this stabilization. On Wednesday, the Crypto Fear & Greed Index upgraded its reading from "extreme fear" to "fear." While still cautious, this shift indicates that the acute panic driving recent forced liquidations has started to subside across the digital asset sector.
However, the broader year-to-date performance of the ETF complex tells a more complicated story of net redemptions. While total net assets currently stand at a robust $80.9 billion—fueled by $51.8 billion in cumulative net inflows since the funds launched—the products are still underwater for the year. Net outflows for 2024 sit at $4.84 billion.
This divergence highlights the highly reactive nature of crypto capital. The current six-day buying spree demonstrates that institutional buyers are willing to deploy capital at perceived discount levels. Yet the persistent year-to-date deficit shows that the initial launch-driven euphoria has cooled, replaced by a more tactical, momentum-driven allocation strategy among fund managers.
