Bitcoin ETF Demand Hits Six-Week High Amid Price Volatility

Bitcoin ETF demand remained strong across a six-week period, with inflows reaching $6.8 billion, according to data from The Kobeissi Letter.

The iShares Bitcoin Trust, sponsored by BlackRock, saw inflows of $3.4 billion during the same period, bringing its total net assets to over $60.62 billion.

However, Farside Investors' dataset showed a weaker short-term picture for U.S. spot Bitcoin products, with net outflows on four sessions between September 8 and 11 totaling around $462.7 million.

The difference in flows highlights the importance of considering medium-term demand rather than just daily momentum, as noted by The Kobeissi Letter's six-week inflow measure.