Bitcoin ETF Investors Return to Profit as Price Nears $87,000

Bitcoin ETF Investors — Investors in U.S. spot Bitcoin exchange-traded funds (ETFs) have returned to profitability after Bitcoin’s price surged toward $87,000 on Monday.

Bloomberg ETF analyst James Seyffart noted on X that the rally pushed the average ETF investor above the estimated average cost basis of $81,172 for the first time since January. Bitcoin’s price reached a high of $86,837, trading recently around $86,772.

According to Farside Investors, U.S. Bitcoin ETFs recorded net positive inflows of over $6 million last week, with nearly $593 million flowing into the products on Thursday and Friday. The funds, managed by firms including BlackRock and Fidelity, now hold a total of $98.8 billion in assets.

The rally comes despite the Federal Reserve’s recent interest rate hike and follows a period of investor pressure from AI-related stocks. Bitcoin remains over 30% below its all-time high of $126,080 set last year.