September 23, 07:25

US spot Bitcoin ETFs top $1.7B in inflows as assets reach $111B

Bitcoin ETF Net Inflows Top $1.7B as Assets Reach $111B

Cointelegraph

US spot Bitcoin ETFs recorded more than $1.7 billion in net inflows over two days. The funds recorded $715 million in net inflows on Tuesday. They recorded a 2026 high of $999 million on Monday. Total net assets reached around $111 billion on Tuesday. Total net assets were up 56% from the 2026 low of roughly $71 billion on June 30. The total remained about 13% below the 2026 high of $128 billion recorded on Jan. 14. BlackRock's iShares Bitcoin Trust led Tuesday's inflows with $350 million, according to Farside Investors data. Fidelity's Wise Origin Bitcoin Fund recorded $257 million in inflows. Grayscale Bitcoin Mini Trust recorded $99 million. Bloomberg Intelligence ETF analyst James Seyffart said Monday that the average Bitcoin ETF holder was back above water for the first time since January. Bitcoin moved above Seyffart's estimated ETF cost basis of $81,722 per coin. Bitcoin traded around $86,000 on Tuesday, according to CoinGecko. Bitcoin briefly surged above $87,000 on Wednesday. BTC traded at $86,467 at the time of publication. BTC was up 1.2% over 24 hours and 13.8% over seven days.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.