Bitcoin edges lower; spot BTC ETFs log $226 million in daily inflows after three-day outflows

U.S. spot bitcoin exchange-traded funds saw $226.6 million in net inflows on Thursday, ending a three-day streak of outflows.

Among the ETFs, Fidelity's FBTC recorded the highest inflows on Thursday at $106.6 million, followed by VanEck's HODL with $46.4 million, according to SoSoValue data. BlackRock's IBIT, the largest spot bitcoin ETF by net assets, also saw $32.5 million flow into the product. Bitwise's, Grayscale's and Franklin Templeton's ETFs also reported inflows.

Thursday's inflow ended a three-day streak of outflows. The spot bitcoin ETFs saw outflows of $86 million on Wednesday, $67.9 million on Tuesday, and $131.4 million on Monday.

Bitcoin slid 1.7% in the past 24 hours to $115,988, while Ethereum edged up 0.8% to $3,644, according to The Block's price page. 

Onchain analytics provider Lookonchain reported, citing Arkham data, that Galaxy Digital deposited over 10,000 BTC ($1.1 billion) to crypto exchanges and later withdrew 370 million USDT from OKX, Binance and Bybit.

Meanwhile, spot Ethereum ETFs reported $231.2 million in net inflows on Thursday, extending its inflow streak to 15 days.