September 30, 10:12

Bitcoin ETFs extend nine-day $3.1 billion inflow streak as Ether funds turn negative

Bitcoin ETFs Extend $3.1B Streak as Ether ETF Inflows Reverse

Cointelegraph

US spot Bitcoin exchange-traded funds attracted $66.2 million on Tuesday, according to SoSoValue data. The inflow extended the funds' net inflow streak to nine trading days and roughly $3.1 billion. SoSoValue data put Bitcoin ETFs' year-to-date net inflows at roughly $1 billion. Spot Ether ETFs posted roughly $3 million in net outflows on Tuesday, ending a seven-day inflow streak. Ether funds had attracted more than $851 million during those seven sessions, bringing cumulative net inflows to about $14 billion. Zcash ETFs recorded $8 million in net outflows on Monday, ending a six-day inflow streak. Bitcoin traded at about $83,567 at the time of publication, down 0.4% over the past 24 hours, according to CoinGecko. Alternative.me's Crypto Fear & Greed Index slipped to 71 from 73 a day earlier but remained in "Greed" territory. Capital.com senior financial market analyst Kyle Rodda said rising crude prices were limiting gains for non-yielding assets and had paused Bitcoin's rally. Rodda said Bitcoin could struggle to regain upward momentum while energy-price risks persist. Rodda said Bitcoin's technical picture remained "quite constructive."

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