US-based spot Bitcoin exchange-traded funds (ETFs) snapped a three-day streak of outflows, recording net inflows of $226.6 million on Thursday. This development suggests continued investor interest in Bitcoin despite market volatility. Spot Bitcoin ETFs See $226 Million Inflow as Bitcoin Pulls Back Slightly According to SoSoValue data: Fidelity's FBTC product saw the highest inflow of the day: $106.6 million. VanEck's HODL ETF followed with $46.4 million. BlackRock's IBIT product made a significant contribution, securing $32.5 million in additional funding. Additionally, other major funds such as Bitwise, Grayscale, and Franklin Templeton also reported positive inflows. This positive outlook came after the previous three days of gains: Monday: $131.4 million exit Tuesday: $67.9 million exit Wednesday: $86 million exit Price movements in the market are relatively calm: Bitcoin (BTC) fell 1.7% in the last 24 hours to $115,988. Ethereum (ETH) rose 0.8% to $3,644. Galaxy Digital's Notable Transactions Citing Arkham data, on-chain analytics firm Lookonchain reported that Galaxy Digital deposited 10,000 BTC (approximately $1.1 billion) onto crypto exchanges, then withdrew 370 million USDT via OKX, Binance, and Bybit. This trading volume suggests a resurgence of institutional activity. 15-Day Introductory Series in Spot Ethereum ETFs While interest in Bitcoin-focused funds is rising again, spot Ethereum ETFs are also performing strongly. These funds saw net inflows of $231.2 million on Thursday, marking the 15th consecutive day of positive inflows. Institutional investor interest in both Bitcoin and Ethereum continues despite market volatility over the summer. This shift toward ETFs, particularly long-term crypto investment strategies, could signal a new era. *This is not investment advice. Continue Reading: Spot Bitcoin ETFs See $226 Million Inflow as Bitcoin Pulls Back! Here's the Latest Data
