Bitcoin ETF Records 4-Day Streak as BlackRock Rises with $82 Million Inflow

Bitcoin price fell again today, falling below the $60,000 mark, while US Spot Bitcoin ETFs noted positive momentum for the fourth day in a row. Notably, several market analysts have attributed the recent slow trading of the US Spot Bitcoin ETF as one of the main reasons for the BTC price decline.

However, while the US Bitcoin ETF remains in the green this week, it appears that some other factors are at play.

US Spot Bitcoin ETF Sees Four Days of Inflows

Bitcoin faced a slowdown, dropping below $60,000, attributed to lukewarm trading. Bitcoin Spot ETF in the United States. However, despite this price drop, ETFs have seen positive momentum for four consecutive days, indicating a complex interplay of market forces. The recent influx is notably due to significant contributions from BlackRock’s IBIT.

According to data from Farside Investors, the overall U.S. spot Bitcoin ETF sector saw an inflow of $73 million. BlackRock, a major player, saw its first significant inflow since June 20, with a substantial injection of $82.4 million into its IBIT ETF. It’s worth noting that this inflow stands out against the backdrop of outflows from other major companies. Bitcoin ETF

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For context, GrayScale GBTC and Fidelity’s FBTC, traditionally strong performers in the Bitcoin ETF market, reported outflows of $27.2 million and $25 million, respectively. Still, the outflows were offset by substantial inflows from BlackRock and additional contributions from Ark 21Shares’ ARKB, which saw an inflow of $42.8 million.

Source: Farside Investors

At the same time, this redistribution of capital suggests a strategic shift by investors, favoring ETFs that demonstrate resilience and growth potential. Furthermore, recent inflows reflect growing investor confidence in Bitcoin ETFs, despite the market’s mixed overall performance.

Read also : Coinbase, MicroStrategy and Crypto Stocks See Weekly Rise

Weekly trends signal mixed sentiment

It’s been a busy week for Bitcoin ETFs, marked by a large outflow of $174.5 million on June 24. This substantial release set a difficult tone for the week.

Notably, the following four days saw a total inflow of $137.2 million, culminating with a net outflow of $37.3 million for the week. These figures highlight a volatile but optimistic market landscape.

At the same time, the positive streak over the past four days suggests potential recovery and resilience in the Bitcoin ETF sector, driven by targeted investments and strategic capital reallocations. Furthermore, the contrast between initial exits and subsequent entries indicates a market responsive to changing dynamics, with investors quickly adapting to emerging opportunities.

As the price of Bitcoin fluctuates, the performance of its ETFs serves as a critical barometer of investor confidence and market health. At the time of writing, Bitcoin Price was down almost 1.5% and trading at $60,668. Over the past 24 hours, the crypto hit a high of $61,720.31, with CoinGlass data showing BTC futures open interest fell more than 2% to $31.62 billion during the same period.

It is worth noting that the market is now closely following the development of the BTC price movements Analysts warn of a significant selloff. To recall, popular cryptocurrency market analyst Ali Martinez warned of a liquidation of over $22 million if Bitcoin falls to the $60,700 level.

Source: Ali Martinez, X

Read also: Could Solana emulate Ethereum and hit $1,000? Analysts weigh the pros and cons

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