Bitcoin ETF Inflows Surge Past $2.3B Amid Strong Institutional Demand

Bitcoin exchange-traded funds (ETFs) continued their strong performance, adding $714.75 million on Tuesday to extend their four-day inflow streak to roughly $2.3 billion.

The surge in demand comes as bitcoin's price holds near $86,000, a level that has been sustained despite some volatility in the crypto market.

Blackrock's IBIT led the way with $350.35 million, while Fidelity's FBTC followed with $257.42 million. Morgan Stanley's MSBT attracted $99.01 million, and Grayscale's Bitcoin Mini Trust added $4.95 million.

No bitcoin ETF recorded an outflow during this period, a significant reversal from last week's heavy redemptions when combined outflows reached $746.31 million on September 15 and 16.