Bitcoin ETF inflows slow to $191M as six-day streak reaches $2.8B
US spot Bitcoin ETFs drew $191 million Thursday as daily inflows slowed for a third day, lifting year-to-date net flows to $787 million.
In a recent development, US spot Bitcoin ETFs witnessed daily inflows of $191 million, marking the third consecutive day of slowed inflows. This brought the six-day total to over $2.8 billion. Notably, these inflows slowed despite Bitcoin's retreat from above $87,000. The total inflows for the year-to-date reached approximately $787 million, effectively erasing a $5.5 billion deficit by the end of June.
The surge in inflows this September has reached $2.56 billion, following a $3.52 billion inflow in August. BlackRock's iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, contributed around $163 million of Thursday's inflows, accounting for nearly half of the total inflows during the six-day streak. As of publication, Bitcoin was trading at $83,807, down 0.3% in the past 24 hours but up about 8% over the past week.
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