Bitcoin ETF inflows slow to $232M as streak hits eight days

US spot Bitcoin ETFs pulled in $232.1 million on Wednesday, extending their inflow streak to eight straight trading days, Cointelegraph reported. The pace slowed hard to get there: Wednesday's total came in about 26% below Tuesday's $314.4 million and marked the smallest daily haul since August 18, according to SoSoValue data.

The streak itself keeps compounding. Those eight sessions have drawn roughly $2.8 billion combined, cutting the funds' year-to-date net outflows down to about $2.03 billion. Cumulative net inflows since launch now stand at $54.6 billion, with total net assets across the funds reaching $98.6 billion.

The slowdown lines up with Bitcoin's own pause. The token briefly broke above $80,000 on Tuesday before stalling, and traded around $78,759 at publishing time, down 0.3% over 24 hours. Slower ETF buying alongside a stalling price is the kind of pattern that usually reads as caution, the kind traders watch closely when they're deciding whether a rally still has room to run or needs to consolidate first.

Sentiment told a different story. The Crypto Fear & Greed Index climbed to 71 from 65 a day earlier, staying firmly in "Greed" territory even as price action went flat. That gap between a cooling chart and a warming mood suggests holders aren't reading the pause as a reversal, more a rest stop than an exit, though sentiment gauges can move ahead of price rather than confirm it.

Other fund categories moved in step with Bitcoin's. US spot Ether ETFs logged their own eighth consecutive day of inflows on Wednesday, taking in $192.4 million. XRP ETFs had the standout day among the group: $28.1 million in net inflows, the largest single-day total since January 5, pushing cumulative XRP ETF inflows to $1.62 billion.

• Bitcoin ETF inflow: $232.1 million, down 26% from Tuesday
• Bitcoin ETF streak: eight consecutive days, about $2.8 billion combined
• Bitcoin ETF cumulative inflows: $54.6 billion; total net assets: $98.6 billion
• Ether ETF inflow: $192.4 million, eighth consecutive day
• XRP ETF inflow: $28.1 million, largest since Jan. 5; cumulative $1.62 billion

Intokened caught this same streak two sessions earlier, when it had reached six days and $2.26 billion. The extra two days added roughly $540 million to the total while the daily pace kept shrinking, from Tuesday's $314.4 million down to Wednesday's $232.1 million. That deceleration doesn't break the streak, it thins it, and a thinning streak is a different signal than a broken one. Eight straight days of net buying, even at a shrinking rate, still means more dollars entered these funds than left them every single session since August 18.

Whether the slowdown turns into a full stop or a pause before Bitcoin retests $80,000 depends on data the market hasn't priced in yet. Traders are watching how this week's inflation numbers land and what Fed Chair Kevin Warsh says in his Jackson Hole remarks on Friday, the same catalysts that have kept Bitcoin's price action choppy since the rally first stalled. ETF flows tend to lag price rather than lead it, so a further slowdown here would likely follow renewed price weakness rather than cause it.

This article is for informational purposes only and does not constitute investment advice.