Svmuu News: The U.S.-listed spot Bitcoin ETF recorded $227 million in net inflows on Monday, marking its strongest single-day net inflow since July 6 and the fifth consecutive trading day of net inflows.
According to SoSoValue data, the U.S.-listed Bitcoin ETF has seen cumulative net inflows of approximately $727 million over the past five trading days. This streak of consecutive net inflows is the longest in nearly three months; the previous longest streak spanned six trading days, from April 30 to May 5.
Monday’s inflows brought the year-to-date net outflow from the U.S. spot Bitcoin ETF below $5 billion. Simon-Peter Massabni, Head of Business Development at XS.com, said the recent inflows indicate that selling pressure may be easing, rather than a full-scale return of institutional demand.