U.S. spot bitcoin (BTC) exchange-traded funds have extended their total net inflow streak to eight days, drawing in over $2 billion during the period.
According to data from SoSoValue, the spot bitcoin ETFs logged $223.2 million in positive flows on Thursday, led by $167.5 million into BlackRock's IBIT. Funds from Ark Invest/21Shares, Morgan Stanley, and Grayscale also saw net inflows yesterday.
Fidelity, Bitwise, and VanEck's bitcoin funds, however, saw net outflows totaling roughly $30 million.
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"This isn't noise, it's allocators treating the post-2025 pullback as a real accumulation zone, especially with resilient demand even after earlier 2026 outflows," said Bitrue's Research Lead Andri Fauzan Adziima. "Institutions see BTC as core portfolio ballast now, not just a trade."
Ethereum ETFs also posted notable inflows lately, posting 10 straight days of positive flows until $76 million net outflows yesterday.
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With continued ETF inflows, bitcoin's price has maintained a constructive level around $78,000, rising 10% in the past 30 days, but still significantly below the October 2025 all-time high of around $126,000. The market has become more bitcoin-heavy, Adziima pointed out, with bitcoin dominance cracking above 60% for the first time this year.
"If these inflows keep rolling (or accelerate), I think it creates a structural bid that tightens supply even more, especially post-halving dynamics and with ETFs locking up fresh BTC daily," Adziima told The Block. "My sense is this could steadily push BTC toward $85K–$90K+ as a base case, providing a firmer floor and lifting sentiment overall."
Still, the market remains highly sensitive to geopolitical and macroeconomic headlines, the researcher noted.
U.S. President Donald Trump recently announced an indefinite extension to the ceasefire with Iran, which was initially set to expire this week. Still, tensions remain palpable as the U.S.-Iran standoff at the Strait of Hormuz continues.
"The market isn't euphoric yet; it's mature and macro-sensitive," Adziima said. "In my opinion, this setup favors patient BTC exposure over chasing alts right now, but watch dominance and daily flows closely, because any slowdown could test the $74K–$70K zone again."
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