Bitcoin steadies above $79,000 as ETF inflows hit longest streak since April
BTC held its ground Thursday as spot bitcoin ETFs logged an eighth straight day of net inflows, while altcoins drifted lower across the board.
US spot Bitcoin ETFs attracted $232.1 million in net inflows on Wednesday, marking a slowdown from the previous day's $314.4 million inflow and the smallest daily total since August 18. This eight-day streak has accumulated $2.8 billion in inflows, reducing year-to-date net outflows to approximately $2.03 billion. Cumulative net inflows now stand at $54.6 billion, with total net assets reaching $98.6 billion.
Despite Bitcoin's price stagnation after briefly surpass $80,000, crypto market sentiment improved on Thursday, with the Crypto Fear & Greed Index rising to 71 from 65 the prior day, staying in "Greed" territory. Additionally, US spot Ether ETFs recorded their eighth consecutive day of inflows, gathering $192.4 million, while US-listed spot XRP ETFs recorded their biggest daily inflow since January 5, with $28.1 million in net inflows.
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- Bitcoin ETF inflows slow to $232M as BTC holds under $80K cointelegraph.com
