3 months ago
US spot Bitcoin ETFs extended their inflow streak to six sessions, bringing successful astir $930 cardinal portion remaining down $4.84 cardinal connected a nett ground twelvemonth to date.
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their sixth consecutive time of nett inflows connected Tuesday, adding $203.1 million.
The Bitcoin ETFs attracted astir $930 cardinal implicit the six-session streak, their longest tally of consecutive inflows since April, according to SoSoValue data.
The inflows came arsenic Bitcoin traded supra $65,000 and concisely climbed to $66,700 connected Tuesday. At publication, Bitcoin traded astatine $65,802, up astir 2% implicit the erstwhile 24 hours, according to CoinGecko.
Broader crypto marketplace sentiment besides improved connected Wednesday, with the Crypto Fear & Greed Index rising to “fear” from “extreme fear.”
The betterment comes arsenic analysts said Bitcoin needs to interruption supra and hold the $65,000 to $65,500 range to fortify the lawsuit for a sustained uptrend.
The funds person accumulated $51.8 cardinal successful cumulative nett inflows since launch, portion full nett assets reached $80.9 billion. US spot Bitcoin ETFs stay astir $4.84 cardinal successful nett outflows year-to-date.
Related: CoinShares debuts Bitcoin mining ETF successful Europe entrance
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