Spot bitcoin ETFs report 10th straight day of net inflows, analyst says bitcoin demand persists

Spot bitcoin exchange-traded funds in the U.S. extended their positive flow streak to 10 days on Thursday, marking the longest inflow run since December last year.

"This suggests that while institutions are not aggressively risk-on, there is still demand for bitcoin exposure in the market," said Min Jung, analyst of Presto Research.

On Thursday, the bitcoin ETFs had a total daily net inflow of $89 million, according to SoSoValue data . Fidelity's FBTC drove inflows with $97.14 million joining the fund, while BlackRock's IBIT also saw close to $4 million in inflows.

On the other hand, Invesco's BTCO saw nearly $7 million leave the fund, along with outflows of $5 million from WisdomTree's BTCW. 

However, the amount of inflows in the past 10 trading days remain "relatively modest," Jung of Presto said.

Crypto and the wider equities market have experienced heightened volatility and decline after U.S. President Donald Trump first announced stringent tariff policies on foreign countries.

While investors have since gained back some confidence on belief that Trump's tariffs won't be as rampant, the still-unfolding policies continue weigh down market sentiment.

During the 10-day run, the funds saw $1.06 billion in inflows, smaller than the single-day inflow seen on Jan. 17.

The crypto analyst also pointed out the divergence in flows between bitcoin ETFs and ether ETFs. Spot ether ETFs have seen net outflows on all but two days since Feb. 20.

"This contrast highlights a clear difference in investor conviction between Bitcoin and Ethereum," Jung said.

Meanwhile, bitcoin traded down 1.5% in the past 24 hours, currently at $86,024, according to The Block's crypto price page . Ether fell 4.7% to change hands at $1,929.