US spot Bitcoin exchange-traded funds (ETFs) recorded another $190.7 million in net inflows on Sept. 24. This extended their recent streak of positive flows even as Bitcoin experienced a lot of volatility over the past 24 hours.
BlackRock’s iShares Bitcoin Trust (IBIT) once again dominated the session after attracting $162.6 million in net inflows. Fidelity’s FBTC followed with $12.9 million, while Morgan Stanley’s MSBT added $10.2 million.
Bitcoin ETF flows (Source: Farside Investors)
Franklin Templeton’s EZBC recorded $4.9 million in inflows and Bitwise’s BITB brought in another $4.1 million. WisdomTree’s BTCW was the only fund to record meaningful outflows, losing $4 million during the session.
The $190.7 million total is a slowdown from the $346.9 million attracted by the funds a day earlier. However, it also extends the sector’s positive streak to six consecutive trading sessions.
Over that period, US spot Bitcoin ETFs have accumulated approximately $2.84 billion in net inflows, including a massive $999 million on Sept. 21 and another $714.7 million on Sept. 22.
Bitcoin Recovers After Falling Below $83,000
Bitcoin’s price action has been volatile alongside the sustained ETF demand. BTC started the past 24-hours close to $84,000 before dropping sharply below $83,000. Buyers quickly stepped in and helped Bitcoin recover toward $83,500 before a sudden rally pushed the cryptocurrency above $84,500.
BTC’s price action over the past 24 hours (Source: CoinCodex)
Bitcoin traded mostly between $84,000 and $84,700, and briefly approached $84,800 before giving back some of those gains.
The combination of continued ETF inflows and Bitcoin’s ability to recover from its intraday lows suggests institutional demand has stayed relatively resilient despite short-term price volatility. ETF flows have now stayed positive for more than a week of trading, although the declining size of the latest inflow will put attention on whether that momentum can continue into next week.
