US Bitcoin ETFs Add $347M as Price Slides; Five-Day Inflows Hit $2.65B
What happened: US spot Bitcoin ETFs attracted $347 million in net inflows on Wednesday, September 23, marking the fifth consecutive day of positive flows.
What happened: US spot Bitcoin ETFs attracted $347 million in net inflows on Wednesday, September 23, marking the fifth consecutive day of positive flows. BlackRock's IBIT led with $166 million, while Fidelity's FBTC contributed $143 million. September month-to-date inflows reached $2.37 billion, with year-to-date flows now totaling approximately $596 million after offsetting earlier outflows. Ethereum and XRP ETFs also saw continued inflows, with ETH ETFs adding $105 million on the day.
Why it matters: The sustained inflows into spot Bitcoin ETFs, even as BTC's price declined from $87,000 to below $84,000, suggest robust institutional interest and potential "buy-the-dip" behavior. ETF flows are increasingly viewed as a barometer for mainstream adoption and institutional sentiment, offering a counterpoint to short-term price volatility.
Source: Cointelegraph, U.Today