US spot Bitcoin exchange-traded funds (ETFs) extended their net inflow streak to nine consecutive trading days, attracting $66.2 million on Tuesday.
According to SoSoValue data, the latest inflow brought total net investments during the nine-day streak to around $3.1 billion, while year-to-date net inflows reached approximately $1 billion.
The positive trend in Bitcoin funds contrasted with Ether ETFs, which recorded around $3 million in net outflows on Tuesday after seven straight days of inflows. During that seven-day period, Ether ETFs attracted more than $851 million, taking their cumulative net inflows to about $14 billion.
Zcash funds also saw a reversal earlier in the week, recording $8 million in net outflows on Monday after six consecutive days of inflows.
Bitcoin was trading near $83,567, down around 0.4% over the previous 24 hours. Meanwhile, the Crypto Fear & Greed Index slipped to 71 from 73, although it remained in the “Greed” zone.
Market analyst Kyle Rodda said rising crude oil prices were putting pressure on non-yielding assets, causing Bitcoin’s rally to pause. He added that persistent energy-price risks could make it difficult for Bitcoin to regain upward momentum, although its technical outlook remained constructive.
