TLDR
- Bitcoin ETFs added $244.4 million on Wednesday, marking a third straight day of inflows
- The three day streak brought in $626 million total
- BlackRock’s Bitcoin ETF led the pack with $479 million over the three sessions
- Bitcoin briefly rose above $64,920 before settling near $64,744
- Ether ETFs gained $60.9 million while XRP ETFs saw $3.58 million in outflows
US listed spot Bitcoin exchange traded funds pulled in $244.4 million in net inflows on Wednesday. This marked the third straight day of gains for these funds.
The three day run added up to $626 million in total inflows. The figures come from data tracked by SoSoValue.
Spot Bitcoin ETFs have started August on a strong note. Investors have been steadily adding money back into these funds this week.
BlackRock Leads the Pack
BlackRock’s iShares Bitcoin Trust brought in the most money during this stretch. The fund attracted $479 million over the three trading sessions.
That pushed the fund’s total net inflows to nearly $61 billion. This data comes from Farside Investors.
The fund has stayed at the top of the list among Bitcoin ETFs during this recent streak. No other fund came close to matching its inflow total.
Bitcoin Price and Market Mood
Bitcoin briefly climbed above $64,920 on Wednesday. This happened as the inflows kept coming in.
The price later settled at $64,744.53. That was up 0.7% over the previous 24 hours, according to CoinGecko.
Despite the price gain, investor sentiment stayed cautious. The Crypto Fear and Greed Index remained in “Extreme Fear” territory.
The index scored 25 on Wednesday. That was down slightly from 27 the day before.
This index measures overall sentiment toward Bitcoin and other large cryptocurrencies. A lower score points to more fear in the market.
Ether ETFs also saw money coming in during this stretch. These funds added $60.9 million on Wednesday.
That marked the second straight day of inflows for Ether ETFs. Their two day total reached $114.6 million.
XRP ETFs told a different story this week. These funds recorded $3.58 million in net outflows on Wednesday.
That outflow reduced XRP ETF total net assets to $993.4 million. Cumulative net inflows for these funds still stood at $1.51 billion.
The mixed results show that not every crypto ETF moved in the same direction this week. Bitcoin and Ether funds gained ground while XRP funds lost some.
