Bitcoin ETFs pull in $244M, 3-day inflow streak tops $626M
US-listed Bitcoin ETFs attracted $244.4 million on Wednesday, marking three consecutive inflow days for a combined $626 million.
US-listed Bitcoin exchange-traded funds (ETFs) witnessed a three-day inflow streak, pulling in a combined $626 million, with Wednesday marking the latest day of net gains at $244.4 million, according to SoSoValue data. The surge in enthusiasm for Bitcoin continued as the cryptocurrency briefly surged above $64,920 on Wednesday, trading at $64,744.53 at the time of this report, marking a 0.7% increase over the previous 24 hours, as reported by CoinGecko.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the charge, attracting $479 million over the three-day period, bringing its cumulative net inflows to nearly $61 billion, as per Farside Investors data. Despite the positive movement in Bitcoin, the Crypto Fear & Greed Index, a sentiment gauge for the cryptocurrency and larger digital assets, remained in "Extreme Fear" territory, scoring 25, a decrease from 27 the previous day.
The divergence in sentiment was evident as US-listed spot Ether ETFs attracted $60.9 million in net inflows for a second consecutive day, totaling $114.6 million, while XRP ETFs experienced a net outflow of $3.58 million, reducing their total net assets to $993.4 million, with cumulative net inflows at $1.51 billion.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
