Spot bitcoin funds recorded $337.56 million in inflows on August 24, sustaining a rally fueled by consistent investor demand.
Spot bitcoin exchange-traded funds attracted $337.56 million in new capital on August 24, marking a seventh consecutive day of inflows. The streak has provided sustained support for bitcoin, which has traded above $80,000 amid a rally initially sparked by a short squeeze.
Prior to this run, inflows had been sporadic, with intermittent outflows pressuring prices. The current stretch of daily inflows surpasses the previous longest streak of five days in June, reflecting heightened investor appetite. Year-to-date net inflows into spot bitcoin ETFs now exceed 337.56 million shares.
Bitcoin held steady above $80,000 following the latest inflow data, with trading volumes remaining elevated across major exchanges.