Spot bitcoin (BTC) and spot ether (ETH) ETFs in the U.S. have posted renewed buying interest, with ETF flows and asset prices lifting late-week. On Thursday, U.S. spot Bitcoin ETFs added $552.78 million, marking a fourth consecutive day of inflows — the longest streak since Aug. 28.
That inflow run arrives after Wednesday’s notable $757.14 million net intake, the biggest single-day ETF inflow since July 16. Over the same period, spot Ether ETFs reversed a string of outflows: Thursday was the third straight day of inflows after six consecutive days that saw more than $1 billion withdrawn.
The flow momentum tracked gains in the underlying tokens: Bitcoin climbed roughly 3.2% over three days to hover just above $115,000, while Ether rose about 5% to retake the $4,500 level. Traders attributed the uptick to growing expectations that the U.S. Federal Reserve may cut rates at its Sept. 17 meeting — a prospect that typically boosts risk assets.
The inflow streak is notable in historical context: it’s the longest run since Aug. 28 and matches the joint-longest stretch recorded around Aug. 14, when bitcoin briefly exceeded $123,000. Data trackers also flagged Wednesday’s $757.14 million intake as the biggest one-day ETF inflow since mid-July, underscoring renewed institutional momentum.
Why this matters: ETF flows are a visible gauge of institutional demand and liquidity. A multi-day inflow streak can reinforce price momentum as fund managers buy more spot exposure, while a reversal (like the prior ETH outflows) can accelerate selling pressure. For Ether, the shift back to inflows signals renewed institutional interest after a brief retreat.
Looking ahead, market participants will watch whether flows sustain once Fed decisions crystallize. Persistent inflows could deepen liquidity and support higher prices, while a reversal would likely intensify selling pressure. For investors, the key signals are continued net inflows, spot market depth, and macro updates — all of which can change quickly and affect short-term risk-reward.
Risk note: ETF flows and macro-driven rallies can be volatile and swift to reverse. Investors should be mindful that rate-cut expectations and market sentiment can change quickly, amplifying both upside and downside moves.
Source: CoinDesk. Read the original coverage for full details.