US spot Bitcoin exchange-traded funds pulled in $191 million on Thursday, extending a six-day run of positive flows to a combined $2.8 billion even as daily demand cooled for a third consecutive session.
## Streak Continues at a Slower Pace The latest figure marks the third straight day of declining inflows, suggesting that the recent burst of institutional enthusiasm may be losing some momentum. Still, the funds have now strung together six consecutive days of net additions, a stretch that has funneled roughly $2.8 billion into the products.
Thursday's $191 million haul lifted year-to-date net flows for the category to $787 million, a milestone that underscores how the products have clawed their way back into positive territory after a choppy stretch earlier in the period.
Six straight days of inflows show conviction, but the slowing daily pace hints that momentum is starting to fade.
## What the Numbers Signal Spot Bitcoin ETFs have become a closely watched barometer of institutional appetite for the largest cryptocurrency since their launch. Sustained inflows are typically read as a sign of growing confidence, while outflows can point to profit-taking or broader risk aversion.
The cooling in daily demand does not erase the broader positive trend, but it raises questions about whether the current streak can hold. Traders often monitor these flows for early clues about shifts in sentiment among large buyers.
Key takeaways from the latest data:
- Thursday inflows totaled $191 million
- The six-day streak has drawn a combined $2.8 billion
- Year-to-date net flows now stand at $787 million
- Daily inflows have declined for three straight sessions
For now, the funds remain in accumulation mode, but the pace of that accumulation will be worth watching in the days ahead as the market gauges whether the streak has more room to run.