Bitcoin ETF Inflows for 13 Consecutive Days - Why It Matters
Summary
* U.S. Bitcoin ETFs have seen inflows for 13 consecutive days, adding nearly $3 billion despite flat prices.
* Analysts note a growing institutional demand through treasury and OTC channels.
* Meanwhile, revised filings for Dogecoin and Aptos indicate an increased likelihood of altcoin ETF approvals.
Since December 2024, the U.S. spot Bitcoin ETF has been attracting capital, with over $2.9 billion inflows over 13 trading days, setting a record for the longest consecutive increase.
On Tuesday, single-day inflows reached $588.6 million, the highest since June, bringing this week's total inflows to $1.2 billion.
BlackRock's IBIT led on Thursday with $163.7 million, while Fidelity's FBTC and BITB saw inflows of $32.9 million and $25.2 million respectively. Funds like ARKB and BTCO saw moderate inflows, while smaller ETFs like GBT remained stable.
Institutional interest in crypto ETFs is surging, with OTC trading becoming mainstream to avoid price volatility. Experts indicate that current inflows are primarily driven by bullish fundamental investors, with basis arbitrage becoming less attractive.
On-chain data shows that despite BTC oscillating around $107,374, with a slight drop of 0.4% over 24 hours, ETFs still absorbed nearly $3 billion. Short-term holders are clearly selling off, with Bitcoin held for less than 155 days dropping sharply in two months, highlighting active market trading.
On the regulatory front, momentum is building for the approval of other digital asset ETFs in the next four months, and market enthusiasm may further increase. $BTC