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U.S. spot Bitcoin ETFs had a net inflow of $227 million in a single day, marking a 5-day streak of net inflows
SoSoValue data shows that over the past 5 trading days, US spot Bitcoin ETFs have accumulated net inflows of about $727 million. This round of continuous net inflows is the longest since the past 3 months; the previous longer streak was 6 trading days from April 30 to May 5.
With the funds flowing in on Monday, the year-to-date net outflows of US spot Bitcoin ETFs have fallen to below $5 billion. Simon-Peter Massabni, head of business development at XS.com, said that recent inflows indicate that selling pressure may be easing rather than institutional demand fully returning.