Crypto
Bitcoin Price Rally Triggers $1B Inflows into Spot ETFs
Bitcoin's price surge to $87,000 has triggered significant interest in Bitcoin ETFs. According to data from Farisde Investors, inflows into spot Bitcoin ETFs exceeded $999 million on Monday, September 21.
BlackRock's iShares Bitcoin Trust led the session with $381.4 million in net inflows, while ARK 21Shares' ARKB and Fidelity's FBTC attracted another $289.1 million and $238.8 million, respectively.
The average U.S. spot Bitcoin ETF holder is now profitable for the first time since January, thanks to a strong BTC price rally that has pushed past an estimated average acquisition cost of $81,722 per coin.