Key facts
- US spot Bitcoin ETFs saw net inflows for six consecutive days.
- Tuesday's inflows totaled $203.1 million.
- The recent streak has attracted about $930 million.
- Bitcoin traded above $65,000 during this period.
- The total cumulative net inflows since launch stand at $51.8 billion.
US-listed spot Bitcoin exchange-traded funds (ETFs) have experienced their sixth consecutive day of net inflows, adding $203.1 million on Tuesday. This streak, the longest since April, has brought in approximately $930 million. The inflows occurred as Bitcoin traded above the $65,000 mark, briefly touching $66,700. The broader cryptocurrency market sentiment also improved, with the Crypto Fear & Greed Index moving from 'extreme fear' to 'fear.' Analysts suggest Bitcoin needs to sustain a price above $65,000 to $65,500 to confirm a continued uptrend. Despite the recent inflows, US spot Bitcoin ETFs collectively show a net outflow of $4.84 billion year-to-date, though cumulative net inflows since their launch total $51.8 billion, with total net assets reaching $80.9 billion.