US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak on Wednesday, even as Bitcoin reversed sharply from above $87,000 and slipped below the $84,000 mark.
Data from Farside Investors shows the funds attracted $346.9 million in net inflows on Sept. 23. Several major funds did not record flows in the latest update.
Bitcoin ETF flows (Source: Farside Investors)
Although Wednesday’s inflow was much smaller than the previous two sessions, it extended an impressive run of positive flows. Bitcoin ETFs brought in $159.5 million on Sept. 17, $433 million on Sept. 18, $999 million on Sept. 21 and $714.7 million on Sept. 22. The biggest day of the streak came on Monday, when close to $1 billion entered the funds, led by BlackRock, Fidelity and ARK Invest.
Bitcoin Retreats Despite Continued ETF Demand
The ETF inflows have not been enough to prevent a sharp Bitcoin pullback over the past 24 hours.
BTC traded above $86,000 but fell sharply toward $84,000. Bitcoin briefly dipped below that level before recovering slightly, leaving the cryptocurrency well below its earlier highs.
BTC’s price action over the past 24 hours (Source: CoinCodex)
The move creates an interesting divergence between ETF demand and Bitcoin’s short-term price performance. While US-listed funds have continued attracting fresh capital, broader selling pressure outweighed those inflows in the spot market.
For now, the ETF streak is still intact, but Wednesday’s slowdown from $714.7 million to $346.9 million will be worth watching. A stronger follow-up session would suggest institutional demand is resilient despite Bitcoin’s weakness, while a return to outflows would end the five-day run.
