Bitcoin ETF Inflows Cool to $232 Million as Price Holds Below $80K

US-listed spot Bitcoin ETFs pulled in $232.1 million in net inflows on Wednesday, marking a slowdown from the previous day and the smallest daily total in over a week. The figure came in roughly 26% lower than Tuesday’s $314.4 million, though it extended the funds’ inflow streak to eight consecutive trading days.

Billions Still Flowing In Despite the Dip

That eight-day run has now attracted close to $2.8 billion, helping cut this year’s net outflows down to about $2.03 billion. Cumulative net inflows for spot Bitcoin ETFs have climbed to $54.6 billion, with total net assets reaching $98.6 billion. The slowdown comes as Bitcoin’s price stalled after briefly topping $80,000 earlier in the week, with the cryptocurrency trading around $78,759 at the time of reporting, down slightly over the past day.

Market Sentiment Still Leaning Bullish

Even with Bitcoin’s price cooling off, overall crypto market sentiment improved on Thursday. The Crypto Fear & Greed Index climbed to 80 from 65 the day before, staying firmly in “Greed” territory.

Ether and XRP Funds See Strong Interest

Spot Ether ETFs also posted their eighth straight day of inflows, bringing in $192.4 million on Wednesday. Meanwhile, spot XRP ETFs recorded their largest single-day inflow since early January, pulling in $28.1 million and pushing cumulative inflows for the fund category to $1.62 billion.