US spot bitcoin ETFs see $240 million in inflows, ending six-day outflow streak

U.S. spot bitcoin exchange-traded funds saw $240 million in net inflows on Thursday, ending a six-day streak of outflows.

BlackRock's IBIT led the inflows on Thursday, with $112.4 million flowing in, according to SoSoValue data. Fidelity's FBTC followed with $61.6 million, while Ark & 21Shares' ARKB attracted $60.4 million. Bitwise's BITB also saw $5.5 million in new inflows.

The trading volume of the spot bitcoin ETFs amounted to $4.77 billion yesterday, compared to $4.07 billion the day before.

Thursday's inflows brought an end to a six-day streak of outflows, during which a total of $2.05 billion exited the ETFs.

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Bitcoin traded down 1.32% over the past 24 hours at $101,919, falling roughly 7% in the past week, according to The Block's price page. Ethereum slipped 1.2% to $3,345.

The world's largest cryptocurrency could climb to around $170,000 over the next six to 12 months based on its volatility-adjusted comparison to gold, according to JPMorgan analysts.

Meanwhile, spot Ethereum ETFs in the U.S. reported $12.5 million in net inflows yesterday, bringing an end to six consecutive days of outflows.