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Bitcoin ETFs Have Been Up for 8 Days! What Does This Mean?

Institutional investors continued to pour capital into spot Bitcoin ETFs for the eighth consecutive day on Tuesday.

Total net inflows across all U.S.-listed Bitcoin ETFs closed the day above $170 million, reinforcing the bullish sentiment that has gripped the market since last week.

Yesterday, BTC-backed funds once again recorded net inflows, totaling $172.78 million. This was an indication of continued confidence in the asset class.

BlackRock’s iShares Bitcoin Trust (IBIT) once again had the highest daily inflows among all issuers. On Tuesday, the fund recorded net inflows of $216.73 million, bringing its total historical net inflows to $42.39 billion.

IBIT has consistently been prominent in recent sessions, reflecting both BlackRock’s influence in the crypto ETF space and institutional investors’ confidence in its products.

Meanwhile, Bitwise’s spot Bitcoin ETF (BITB) saw the highest net outflow of any issuer on Tuesday, with $24.39 million exiting the fund. Still, BITB’s total historical net inflows remain strong, standing at $2.05 billion.

⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.

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