US Spot Bitcoin ETFs Record 10-Day Inflow Streak Amid Steady Institutional Demand

? US spot Bitcoin ETFs have now marked their tenth consecutive day of net inflows, closing Thursday with an additional $89 million. This streak, the longest since December of last year, highlights a steady resurgence in investor confidence. Over the past ten days, total inflows reached $1.06 billion, though this figure still trails behind the single-day record of $1.1 billion seen on January 17.

Fidelity's FBTC led the charge this week, attracting $97 million in fresh capital, while BlackRock's IBIT saw a modest $4 million inflow. However, not all funds shared the spotlight—Invesco's BTCO and WisdomTree's BTCW experienced outflows of $7 million and $5 million, respectively. These mixed movements suggest a selective approach among investors, even as the broader trend leans bullish.

Min Jung, an analyst at Presto Research, noted that while inflows remain below early-year levels, institutional interest in Bitcoin is far from fading. "Institutions might not be taking aggressive risks right now, but demand persists," Jung remarked. This cautious optimism aligns with Bitcoin's current price stability around $85,000, despite looming macroeconomic events.

All eyes are now on the US Personal Consumption Expenditures (PCE) data, set for release later today. As the Federal Reserve's preferred inflation gauge, the PCE report could sway both traditional markets and crypto assets. Additionally, anticipation builds around former President Trump's planned tariff policy announcement on February 2—a wildcard for global markets.

Bitcoin kicked off the week on a positive note but faced a slight dip in late trading Thursday. Volatility is expected to continue as traders digest these high-stakes developments. For now, the crypto market holds its breath, balancing institutional intrigue with macroeconomic uncertainty. ?