Bitcoin ETF Inflows Surge Past $2 Billion Despite Price Pullback

The week's Bitcoin price action was marked by volatility, but US spot exchange-traded funds (ETFs) continued to attract investor interest. According to data from CryptoRank, these ETFs saw a net inflow of nearly $2.39 billion between September 21 and 25.

The influx of funds was widespread across the five trading days, with each day seeing positive flows. Monday's session led the charge, with over $999 million pouring into the ETFs, followed by Tuesday's $714.7 million. The trend continued through Wednesday ($346.9 million), Thursday ($190.7 million), and Friday ($134.5 million).

BlackRock's IBIT was the largest contributor to these inflows, attracting approximately $1.16 billion over the five sessions. Fidelity's FBTC followed closely with around $701.6 million, while ARK 21Shares' ARKB brought in roughly $294.7 million.

The price of Bitcoin itself experienced a more turbulent ride, briefly reaching $87,360 on September 21 before falling to around $84,400 by Wednesday. It stabilized over the weekend but failed to hold onto gains, trading at around $83,070 as of press time.