Spot bitcoin ETFs draw $2 billion in net inflows over 8-day positive streak
The Block
U.S. spot bitcoin ETFs have attracted over $2 billion in net inflows during an eight-day consecutive positive streak.Summary
U.S. spot bitcoin ETFs have sustained an eight-day net inflow streak, totaling over $2 billion. Thursday alone saw $223.2 million in positive flows, primarily driven by BlackRock's IBIT fund, alongside contributions from Ark Invest/21Shares, Morgan Stanley, and Grayscale. While some funds experienced minor outflows, analysts suggest that institutions are increasingly viewing bitcoin as core portfolio ballast. Supported by these inflows, bitcoin prices have hovered around $78,000, with experts suggesting that continued accumulation could push prices toward the $85,000–$90,000 range, provided macroeconomic tensions remain stable.
(Source：The Block)