U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their fourth consecutive day of net inflows on Thursday, with combined inflows totalling $552.78 million, according to SoSoValue data. This marks the longest continuous run of inflows since the four-day streak ending August 28, a period that coincided with Bitcoin’s ascent to record highs exceeding $123,000.
Parallel inflows into spot Ether ETFs reached $171.54 million, representing a third consecutive day of inflows and underscoring broad-based demand across major digital asset products. Institutional allocation to crypto ETFs has surged in recent weeks, buoyed by rising Fed cut expectations and improved regulatory clarity in major markets.
Analysis of daily fund flow patterns reveals that yesterday’s inflows were geographically diversified, with U.S. domiciled funds capturing the majority, followed by smaller allocations into European-listed Bitcoin ETF wrappers. The weighted average premium of Bitcoin ETF NAV to spot price hovered near 0.2%, indicating tight arbitrage conditions and efficient market functioning.
Market commentary from leading asset managers suggests that a combination of portfolio rebalancing ahead of quarter-end and renewed risk-on sentiment fueled yesterday’s inflows. High-net-worth investors and family offices have cited ETF structures as a preferred vehicle for gaining crypto exposure within familiar asset-management frameworks.
Strategic flow dynamics highlight several notable takeaways: net inflows on Wednesday exceeded $757 million, the largest single-day influx since July 16. As a result, total ETF cumulative inflows year-to-date now surpass $14 billion, a record pace indicative of maturing institutional demand.
Technological developments in ETF issuance and market-making mechanisms have also contributed to smoother execution and tighter bid-ask spreads, attracting further participation from algorithmic traders and liquidity providers. Enhanced on-chain analytics have enabled granular tracking of ETF creator unit flows, allowing real-time monitoring of basket creation and redemption activity.
Looking ahead, market observers will watch for potential decumulation following expiry of macro polemics, such as key central bank meetings and fiscal policy announcements. However, the current trajectory suggests that crypto ETF inflows may maintain momentum if macro environment remains supportive and regulatory framework continues evolving toward clarity.
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