U.S. spot Bitcoin exchange-traded funds extended their winning run on Sept. 25, taking in a combined net $134.47 million, according to SoSoValue data. The latest session marked the seventh consecutive trading day of positive net flows for the group, a streak that began on Sept. 17.

The recent run has added roughly $2.98 billion across the products over seven sessions. While inflows have continued each day, the pace has eased after a pair of much larger gains earlier in the streak.

BlackRock and Fidelity led the day

BlackRock’s iShares Bitcoin Trust, trading under the ticker IBIT, accounted for most of the Sept. 25 intake with $96.99 million in net inflows. Fidelity’s Wise Origin Bitcoin Fund, or FBTC, added another $49.32 million.

Bitwise’s BITB moved in the opposite direction, posting $11.85 million in net outflows. All other U.S. spot Bitcoin ETFs recorded no net flows for the day, leaving the market’s overall gain concentrated in a small number of funds.

Seven-session streak approaches $3 billion

Since Sept. 17, U.S. spot Bitcoin ETFs have registered net inflows in every trading session. Over that span, the products have attracted about $2.98 billion in total, underscoring sustained demand even as daily totals have moderated.

The strongest day in the current stretch came on Sept. 21, when the funds pulled in $999 million, the largest single-day net inflow of the year. That was followed by $714.7 million on Sept. 22, before inflows slowed to $347 million on Sept. 23, $190.7 million on Sept. 24, and $134.47 million on Sept. 25.

Cumulative totals remain dominated by IBIT

The latest session also pushed up the long-term cumulative figures for the largest products in the category. SoSoValue data showed IBIT’s cumulative net inflows rising to $65.28 billion.

FBTC remained the second-largest by cumulative net inflows at $11.06 billion. Across all U.S. spot Bitcoin ETFs, cumulative net inflows reached $57.55 billion.

What comes next

The immediate point to watch is whether the seven-session inflow streak continues in the next trading session. Recent data show that investor demand has remained positive, but the size of those daily inflows has tapered after the outsized gains recorded on Sept. 21 and Sept. 22.

For now, the confirmed picture is that U.S. spot Bitcoin ETFs have continued to attract fresh capital for seven straight trading days, with BlackRock and Fidelity providing the bulk of the latest day’s additions.

Source: en.bloomingbit.io