Spot BTC ETFs in the US saw a net inflow of $11.80 million on Thursday, extending the positive streak to three days.

Despite ongoing inflows into Spot BTC ETFs, momentum has slowed since Tuesday's $31 million net inflows. According to data from SosoValue, Bitwise's BITB led the inflows by withdrawing $8 million yesterday, followed by Fidelity's FBTC reporting nearly $7 million in net inflows. Franklin Templeton's spot bitcoin ETF saw net inflows of $3.6 million, the largest since mid-May.

Although positive data came out for BTC, it didn't affect the price.

Invesco and Galaxy Digital's BTCO saw a net inflow of 3 million dollars, and Ark Invest and 21Shares' ARKB reached 1.84 million dollars on Thursday.

The only net exit was seen from Grayscale's GBTC, worth $11.5 million. BlackRock's IBIT, the largest spot BTC ETF in terms of net asset value, reported its fifth consecutive zero flow day despite trading at a value of $520 million on Thursday.

Funds remaining from VanEck, Valkyrie, WisdomTree, and Hashdex also recorded zero flows during the day. VanEck surprised the crypto market on Thursday by applying for a spot Solana ETF, causing the token price to increase by about 10%.

On Thursday, the daily trading volume of 11 bitcoin funds was around $920 million; significantly below the highest level of $10 billion in March. ETFs have achieved a total net inflow of $14.45 billion since the beginning of January.

In the last few days, there have been positive developments in Spot Bitcoin ETFs, but they have not had much impact on the market. The leader of cryptocurrencies, which fluctuates in the range of 61,000-62,000 dollars, has not yet been able to make a clear upward breakthrough.

This article does not contain any investment advice or recommendation. Every investment and trading move involves risk and readers should conduct their own research when making a decision.