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Bitcoin ETFs Draw $2.4 Billion in Five Days as Price Consolidates

Guavy AI Editorial Team
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BTC
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Institutional investors have continued to bet on Bitcoin, pouring nearly $2.4 billion into US spot Bitcoin ETFs over a five-day period ending September 25.

The inflows come despite Bitcoin's recent pullback from its weekly high above $87,000, with the cryptocurrency trading near $84,000 by Friday.

BlackRock's IBIT led daily Bitcoin ETF inflows on September 25, attracting approximately $96.99 million in net inflows, bringing its cumulative historical net inflow to about $65.28 billion.

JPMorgan analysts have identified around $85,000 as a reference point for Bitcoin's average production cost, and the recent move above that level is significant for miners.

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