US spot Bitcoin exchange-traded funds (ETFs) extended their strong run of inflows on Tuesday by attracting another $714.7 million alongside Bitcoin’s recovery toward $87,000.
Data for Sept. 22 shows BlackRock’s iShares Bitcoin Trust (IBIT) leading the session with $350.3 million in net inflows. Fidelity’s FBTC followed with $257.4 million, while Morgan Stanley’s MSBT attracted $99 million. VanEck’s HODL added $2.4 million, ARK Invest and 21Shares’ ARKB recorded $600,000, and Grayscale’s Bitcoin Mini Trust brought in another $5 million. No net outflows were recorded among the funds.
Bitcoin ETF flows (Source: Farside Investors)
The $714.7 million haul came immediately after US spot Bitcoin ETFs recorded roughly $999 million in inflows on Monday, which was their biggest single-day intake in around 11 months.
Bitcoin ETF inflow streak tops $2.3 billion
Tuesday was the fourth consecutive trading day of positive net flows for US spot Bitcoin ETFs.
The streak began with $159.5 million on Sept. 17, followed by $433 million on Sept. 18 and $999 million on Sept. 21. Adding Tuesday’s $714.7 million brings total inflows during the four-session streak to approximately $2.31 billion.
The acceleration is interesting given what came immediately before it. Bitcoin ETFs suffered approximately $450.4 million in outflows on Sept. 15 and another $295.9 million on Sept. 16 before flows abruptly reversed.
Bitcoin pushes toward $87,000
Bitcoin moved higher alongside the ETF inflow streak. Over the past 24 hours, BTC climbed from around the mid-$85,000 region and briefly pushed above $87,000 before pulling back toward roughly $86,700.
BTC’s price action over the past 24 hours (Source: CoinCodex)
That leaves Bitcoin around 1.25% higher over the 24-hour period, with buyers continuing to defend the recent breakout. The latest move also follows Monday’s much sharper rally, when Bitcoin gained more than 7% at one stage and crossed $87,000.
The combination of rising Bitcoin prices and accelerating ETF inflows could now become an important indicator to watch. ETF demand represents direct spot buying pressure, and four consecutive positive sessions suggest the latest rally is being accompanied by institutional capital rather than price gains alone.
