August 28, 05:01

Bitcoin ETFs extend inflow streak to nine days with $242.30 million

Bitcoin ETFs Extend Inflow Streak to 9 Days With $242M Added

Beincrypto

Spot Bitcoin ETFs recorded $242.30 million in net inflows on Aug. 27, extending their streak to nine consecutive trading days. Spot Ethereum ETFs recorded $235 million in net inflows on the same day, also marking a ninth straight inflow session. BlackRock's iShares Bitcoin Trust contributed $209 million to a $338 million Bitcoin ETF inflow on Aug. 24. BlackRock's Ethereum fund, ETHA, contributed $90.92 million to that day's $116 million Ethereum ETF inflow. Bitcoin traded near $80,000 on Thursday after rising 2.12% over 24 hours. Ether traded near $2,480 over the same period. Total net assets across spot Bitcoin ETFs reached $79.16 billion. Trading volume across the category reached $8.23 billion, according to CoinGlass data. Bitcoin and Ethereum ETFs recorded their largest combined weekly inflow since October last week, attracting $2.3 billion. Both ETF categories began the current streak on Aug. 17. The streak reached four days by Aug. 20 and continued through Aug. 27. Spot Solana ETFs recorded $60.91 million in inflows on Aug. 27. Spot Hyperliquid ETFs recorded $24.42 million in inflows on the same day. Both smaller funds remained far behind Bitcoin and Ether ETFs in scale.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.