Bitcoin and Ether ETFs See Multi-Day Inflows Amid Crypto Rally
U.S. spot Bitcoin (BTC) ETFs added $552.8 million in inflows on Thursday, marking their fourth consecutive day of net purchases. This represents the longest streak since August 28 and matches the seven-day run ending August 14, which coincided with Bitcoin climbing past $123,000. Wednesday’s inflow of $757.1 million was the largest single-day gain since July 16, according to SoSoValue data.
Spot Ether (ETH) ETFs also recorded a third straight day of inflows, following six consecutive days of withdrawals exceeding $1 billion.
The inflows align with optimism over a potential U.S. Federal Reserve rate cut on September 17, supporting rallies in both cryptocurrencies. Over the past three days, Bitcoin has gained roughly 3.2%, trading just above $115,000, while Ether has risen about 5%, reclaiming the $4,500 level, according to CoinDesk data.
