Bitcoin exchange-traded funds (ETFs) in the United States have observed a consistent growth in net inflows for nine consecutive days, with the most recent increase totaling $107.91 million. This marks the lengthiest period of continuous inflows into spot Bitcoin ETFs since mid-March, when they recorded ten successive days of inflows.

Leading the surge in investments are major funds such as BlackRock’s IBIT, Fidelity’s FBTC, and VanEck’s spot Bitcoin fund. BlackRock’s IBIT fund took the lead with $89 million in inflows, closely followed by Fidelity’s FBTC with $19 million. VanEck’s spot Bitcoin fund also saw a notable increase with $10 million in net inflows. Other funds like Ark Invest, 21Shares’ Bitcoin fund, Invesco, and Galaxy Digital’s ETF each recorded daily net inflows of $2 million.

Despite the positive momentum, not all funds experienced growth. Grayscale’s converted GBTC reported a net outflow of $14 million, while funds from Bitwise, Valkyrie, Franklin Templeton, WisdomTree, and Hashdex remained unchanged in their flows.

In total, the 11 spot Bitcoin ETFs have accumulated net inflows exceeding $13.43 billion since their introduction in January. Although the recent trend has been favorable, the overall flows for these ETFs still fall below the peak levels seen in March. The price of Bitcoin also experienced a 2.61% decline in the last 24 hours, settling at $67,642.

In related developments, the U.S. Securities and Exchange Commission has approved 19b-4 forms for eight spot Ethereum ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. However, these Ethereum ETFs are awaiting approval of their S-1 registration statements before they can commence trading.