Bitcoin ETF Inflow Streak Continues Amid Volatility and $84,000 Price Tests

The US spot Bitcoin exchange-traded funds (ETFs) continued their positive trend on September 28, attracting a combined $31 million in net inflows. This is part of a larger streak that began with $999 million in net inflows on September 21 and has shown no signs of slowing down.

BlackRock's iShares Bitcoin Trust (IBIT) led the latest session with $54.8 million in net inflows, while Grayscale's Bitcoin Mini Trust (BTC) added another $10.3 million. However, these gains were partially offset by $10.9 million in outflows from Fidelity's FBTC and $23.2 million leaving Grayscale's GBTC.

The repeated tests of the $84,000 level make it an important short-term area to watch for Bitcoin. Despite struggling to maintain a decisive move above this mark, the cryptocurrency has shown an ability to recover quickly from dips over the past day. Institutional demand remains positive, with the continued ETF inflow streak a testament to this.