Spot Bitcoin ETFs Add $347M Despite Price Dip, Five-Day Inflows Reach $2.65B
What happened: US spot Bitcoin ETFs recorded $347 million in net inflows on September 23, extending their five-day streak to $2.
What happened: US spot Bitcoin ETFs recorded $347 million in net inflows on September 23, extending their five-day streak to $2.65 billion. BlackRock's IBIT led with $166 million, followed by Fidelity's FBTC at $143 million. Ether ETFs also saw $105 million in inflows, marking a fourth consecutive positive day. Notably, these inflows continued even as BTC fell below $84,000 after briefly topping $87,000.
Why it matters: The sustained institutional buying via ETFs, even during price corrections, signals robust demand and a possible shift in market structure. Persistent inflows may provide a floor for BTC prices, though some analysts caution that ETF-driven rallies can also amplify volatility if flows reverse. The trend also highlights the growing role of regulated investment vehicles in crypto markets.
Source: Cointelegraph