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Bitcoin ETFs have erased a $5.8 billion hole
- Spot ETFs have attracted $2.84 billion over the past six days, pushing year-to-date net inflows to nearly $800 million, according to data from SoSoValue.
- This reversal marks a 180-degree turn from the red ink earlier this year, when the same ETFs faced a $5.8 billion deficit on July 13.
- The price recovery to $85,000 from under $58,000 in early June coincides with nearly $4 billion in inflows following Treasury Secretary Scott Bessent's August announcement of increased bond purchases.
- While the current six-day streak is significant, it trails the only two other similar records; a Nov period saw $4.73 billion in inflows, nearly double the current haul.
- The rally has stalled above $85,000 since Tuesday, yet the combined price rise and these ETFs have convinced some analysts that a new bull run is underway.
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Bitcoin's ETFs total nearly 3 billion in six days in a row, their best streak since October, while the price stays at $84,000. Bitcoin's ETFs ticket chain six days of tickets and capture almost 3 billion first appears on Merca2.
Six days. That's how long it took for Bitcoin ETFs to suck up nearly $3 billion in fresh cash. Since September 17, BlackRock, Fidelity and Morgan Stanley have seen $2.8 billion in their funds, according to Farside Investors data. Monday alone, purchases have been close to the
Coverage Details
Total News Sources25
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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