U.S. spot Bitcoin exchange-traded funds (ETFs) have marked their tenth consecutive day of net inflows, reaching the longest positive streak since December 2024.
This extended trend signals persistent institutional interest in Bitcoin despite a broader market slowdown.
Bitcoin ETFs continued to see strong demand, with net inflows totaling $89 million on Thursday. According to SoSoValue data, key funds showed varied performance: Fidelity’s FBTC led the way with an addition of $97.14 million, while BlackRock’s IBIT saw nearly $4 million in new inflows. Conversely, Invesco’s BTCO and WisdomTree’s BTCW experienced outflows of $7 million and $5 million, respectively.
In total, spot Bitcoin ETFs have accumulated $1.06 billion in net inflows over the past 10 trading days. However, this figure is relatively modest compared to the surge seen in mid-January. Min Jung, an analyst at Presto Research, noted that while institutional investors are not taking on significant risk, the demand for Bitcoin remains consistent, albeit at a slower pace.
The broader market has been affected by recent volatility, particularly after the announcement of new tariffs by the U.S. President Donald Trump. While investor confidence is showing signs of recovery, the uncertainty surrounding trade policies continues to affect market sentiment.
A noticeable trend has emerged in ETF flows, with Bitcoin ETFs consistently receiving positive inflows, while spot Ethereum ETFs have struggled, showing net outflows almost daily since February 20. Jung pointed out the stark contrast between the two, indicating stronger institutional confidence in Bitcoin over Ethereum at the moment.
Bitcoin is treading water near the $120,000 resistance, with persistent bids around $116,000 offering a firm base—but failing to ignite fresh upside momentum.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.