Bitcoin ETF Inflows Hit Record $2.39 Billion as Price Stalls Near $84K

Bitcoin ETF inflows reached a record high of $2.39 billion in a single week, exceeding the previous weekly record of $1.92 billion set in August. This surge in demand occurred despite the Bitcoin price holding steady near $84,000.

The concentration of long-term holder supply around the $84,000-$85,000 range may be hindering further price gains, according to Glassnode's analysis.

The weekly inflows were led by BlackRock's iShares Bitcoin Trust, which attracted $96.99 million in net inflows on September 25. Fidelity's Wise Origin Bitcoin Fund followed with $49.32 million in net inflows.