Bitcoin ETFs post seventh straight inflow day as rally holds above $80,000

U.S. spot bitcoin ETFs recorded $337.56 million in net inflows on Aug. 24. The result marked a seventh consecutive day of net inflows. Ether funds recorded $115.57 million in inflows. Solana funds recorded $33.49 million in inflows. XRP funds recorded $13.82 million in inflows. Every listed asset recorded inflows. The seven-day streak totaled more than $2.5 billion. Bitcoin broke above $69,000 last week partly through a $3 billion short squeeze. Bitcoin has since topped $80,000. Bitcoin ETF assets reached $98.56 billion. Bitcoin ETF assets stood at $78.67 billion a week earlier. Analysts are flagging overbought conditions. A flat or negative ETF inflow figure this week would test the durability of the buying. Another day of inflows at the same pace would provide further support for the trend.