Bitcoin ETFs Extend Winning Streak With Six-Day Inflow Run

Bitcoin ETFs — U.S. spot Bitcoin exchange-traded funds have recorded six consecutive days of investor inflows, bringing in nearly $3 billion and signaling sustained institutional demand.

Data from Farside Investors shows the ETFs, including those from BlackRock and Fidelity, have attracted over $2.8 billion in new investment since September 17. Monday’s inflows alone neared $1 billion, the largest single-day figure since early October.

The sustained buying has pushed the estimated average cost basis for ETF holders above $81,722 per coin, meaning the average investor is now in profit for the first time since January, as noted by Bloomberg ETF analyst James Seyffart.

Despite the strong fund flows, Bitcoin’s price has moderated from a weekly high of over $87,000, recently trading near $83,975. The asset remains up nearly 4% over the past week, with analysts pointing to a renewed “debasement trade” and a weaker U.S. dollar as supporting factors.