US-listed Bitcoin spot exchange-traded (ETF) funds attracted net inflows of $232.1 millions on Wednesday. While this was a slowdown from Tuesday, it extended their trading streak to 8 days.
It was the lowest daily amount since Aug. 18 and down by about 26 percent from Tuesday’s total of $314.4 Million. according SoSoValue is a database of data.
Eight consecutive sessions of positive returns has brought in about $2.8 Billion, reducing the net losses for the entire year to approximately $2.03Billion. Net inflows totaled $54.6 billion while net assets reached $98,6 billion.
Since Aug. 17, daily inflows into US-spot Bitcoin ETFs. Source: SoSoValue
Bitcoin has been stalled since briefly climbing above $80,000 Bitcoin traded at $78,759 as of publication time, down 0.3% over the past 24 hours. Bitcoin was trading at $78,759 as of publication time, down by 0.3% in the last 24 hours. according CoinGecko.
Crypto market sentiment improved on Friday despite Bitcoin’s seemingly stagnant price. The Crypto Fear & Greed Index rose to 71 from 65 a day earlier, remaining in “Greed” territory, according You can also visit Alternative.me.
The Crypto Fear & Greed Index. Source: Alternative.me
US Ether ETFs are also included in the altcoin fund category recorded The Wednesday saw an eight consecutive day with inflows of $192.4 Million.
US-listed spot USD XRP ETFs attracted According to SoSoValue, $28.1 million was the largest daily inflow for Wednesday since January 5. Cumulative net inflows reached $1.62 billion.
Related: Supply absorption ‘key question’ as Bitcoin fails to reclaim $80K: Analysis
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Source: cointelegraph.com
