Bitcoin and Ether ETFs Extend Multi-Day Inflow Streak
U.S. spot Bitcoin (BTC) ETFs recorded $552.8 million in inflows on Thursday, marking their fourth consecutive day of net purchases. This is the longest streak since August 28 and ties the seven-day run ending August 14, which coincided with Bitcoin’s surge past $123,000. Wednesday’s $757.1 million inflow was the largest single-day gain since July 16, according to SoSoValue data.
Spot Ether (ETH) ETFs also posted gains, marking a third straight day of inflows after six consecutive days of withdrawals totaling over $1 billion.
The inflows come amid optimism for a potential Federal Reserve interest-rate cut on September 17, fueling rallies in both cryptocurrencies. Over the past three days, Bitcoin has risen roughly 3.2%, trading just above $115,000, while Ether has climbed around 5%, reclaiming the $4,500 mark, according to CoinDesk data.
