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US Bitcoin ETFs are on their longest inflow streak this year as funds hit near 7% of BTC supply

CryptoSlate
US spot Bitcoin ETFs have recorded nine consecutive days of inflows, currently holding nearly 7% of Bitcoin's total market supply.

Summary

US-listed spot Bitcoin ETFs have achieved their longest inflow streak of the year, recording nine consecutive days of net inflows totaling approximately $2.12 billion. This renewed demand has pushed total net assets under these funds to roughly $101 billion, accounting for about 6.57% of Bitcoin's market capitalization. BlackRock's iShares Bitcoin Trust has been the primary driver of this trend. While analysts note this indicates a positive shift in market sentiment, researchers at Ecoinometrics suggest that current inflow levels have not yet reached the threshold required to definitively confirm a sustained long-term breakout.

(Source:CryptoSlate)