Bitcoin ETFs are showing no signs of weakness as they enter the ninth consecutive day of positive inflows, even as the broader market experiences a downtrend.

BlackRock’s spot Bitcoin ETF IBIT led with the most inflows over the past day.

Bitcoin ETFs Extend the Bullish Momentum

According to the data from SoSoValue, Bitcoin ETFs extended their winning streak after recording the ninth consecutive day of positive inflows on December 10. Last week, all 12 funds recorded the second-largest weekly inflow at $2.73 billion. Despite wider liquidation in the market this week, ETF investors seem highly bullish on the funds.

The ETFs attracted a significant amount of $439.56 million on Tuesday as BlackRock’s IBIT brought in $295.63 million, followed by Fidelity’s FBTC, with an inflow of $210.48 million.

At the same time, Grayscale’s GBTC recorded outflows of over $60 million. Nevertheless, the $400 million in net inflows confirm the strong investor interest in the US spot BTC ETFs.

The total net assets under these ETFs have crossed $107.76 billion, which marks 5.65% of Bitcoin’s total market cap. More interestingly, these funds currently hold more Bitcoin than Satoshi Nakamoto.

In November, Bitcoin ETFs recorded $6.1 billion in inflows, the highest monthly influx since their launch in January. Total inflows in December are already nearing $4 billion, and if the momentum holds, the funds could hit a new record this month.

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Author: Mohammad Shahid