Bitcoin ETF Inflows Surge to $1.7 Billion as BTC Tops Average Cost Basis
US spot Bitcoin exchange-traded funds (ETFs) experienced significant inflows over two days, taking in $1.7 billion as Bitcoin traded above the estimated cost basis of the average ETF investor.
The net inflows were led by BlackRock's iShares Bitcoin Trust (IBIT), which saw $350 million flow into it on Tuesday, followed closely by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $257 million and Grayscale Bitcoin Mini Trust with $99 million.
Total net assets across US spot Bitcoin ETFs reached around $111 billion on Tuesday, up 56% from their 2026 low of roughly $71 billion on June 30. However, this total remains about 13% below the 2026 high of $128 billion recorded on January 14.
Bloomberg Intelligence ETF analyst James Seyffart noted that the average Bitcoin ETF holder was back above water for the first time since January, as Bitcoin moved above his estimated ETF cost basis of $81,722 per coin.