United States-based spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, recording net inflows for the tenth consecutive day. This marks the most extended period of sustained positive flows observed since mid-February this year.
This ongoing trend is interpreted as a signal of persistent institutional interest in Bitcoin, even amidst a broader slowdown in the financial markets.
Recent ETF Flow Performance
The demand for BTC ETFs remained evident on Thursday, with the category collectively attracting $89 million in net new assets. Data compiled by SoSoValue highlights varied performance among the leading funds. Notably, Fidelity’s FBTC led the pack, while BlackRock’s IBIT also saw positive contributions. Conversely, some funds experienced outflows.
Thursday’s Key Fund Flows
| ETF Ticker | Issuer | Net Flow (Approx.) |
| FBTC | Fidelity | +$97.14 million |
| IBIT | BlackRock | +$4 million |
| BTCO | Invesco | -$7 million |
| BTCW | WisdomTree | -$5 million |
Over the entire 10-day positive streak, these spot Bitcoin ETFs have accumulated a total of $1.06 billion in net inflows according to Farside data. However, analysts note that this figure, while substantial, represents a more moderate pace of accumulation compared to the rapid growth witnessed shortly after the ETFs’ launch in mid-January.
Analyst Perspective on Market Dynamics
Min Jung, an analyst at Presto Research, commented on the situation. Jung observed that while institutional investors are not currently engaging in significantly aggressive risk-taking, the underlying demand for the premier digital asset remains consistent, albeit progressing at a more measured pace than earlier in the year.
Broader Market Influences
The wider financial market has experienced recent bouts of volatility. This turbulence has been linked, in part, to announcements regarding new trade tariffs by the current U.S. President, Donald Trump. Although investor confidence is showing tentative signs of recovery, lingering uncertainty surrounding international trade policies continues to shape overall market sentiment.
Contrasting ETF Trends: Bitcoin vs. Ethereum
A notable divergence is apparent within the spot crypto ETF landscape. While Bitcoin ETFs have consistently registered positive inflows, reports indicate that spot Ethereum ETFs (where available or tracked) have faced challenges, reportedly experiencing net outflows almost daily since February 20th. Analyst Min Jung highlighted this stark contrast, suggesting it points towards comparatively stronger institutional conviction in Bitcoin over Ethereum at the present time.
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