Bitcoin ETF Inflows Continue as BTC Fails to Break Above $84,000

Investors continued to pour money into Bitcoin exchange-traded funds (ETFs) on Sept. 28, despite BTC struggling to break above $84,000.

The sector saw a combined net inflow of $31 million, extending its winning streak that began with $999 million in net inflows on Sept. 21.

BlackRock's IBIT led the charge with $54.8 million in net deposits, while Grayscale's Bitcoin Mini Trust added $10.3 million to its coffers.

However, not all funds fared well, with Fidelity's FBTC recording $10.9 million in outflows and Grayscale's GBTC seeing a loss of $23.2 million.

Bitcoin itself experienced volatility, repeatedly testing the $84,000 level but ultimately failing to establish a lasting breakout.