Bitcoin ETFs Draw $2.8 Billion in Six Days

US spot Bitcoin exchange-traded funds (ETFs) have seen six consecutive days of inflows, totaling $2.8 billion. This surge in demand has outpaced redemptions, continuing a trend that began in the third quarter.

The largest fund in this category by assets under management, BlackRock's iShares Bitcoin Trust (IBIT), absorbed approximately $1.35 billion of this total. During the six-session streak from September 17 to 24, IBIT accounted for nearly half of the combined inflows.

The year-to-date deficit at the end of June has shifted to a net positive of about $787 million due to these inflows. The demand recovery in Q3 has gained momentum, with approximately $2.56 billion attracted so far this month alone, following $3.52 billion in August.