Bitcoin Price Recovery Triggers $159.5M Inflow into US Spot ETFs

Bitcoin's price surge to $77,000 has been accompanied by a significant increase in inflows into US spot Bitcoin exchange-traded funds (ETFs), with net inflows of $159.5 million on September 17.

This marks a turnaround from the previous two days, when these funds recorded heavy withdrawals totaling $746.3 million. BlackRock's iShares Bitcoin Trust (IBIT) was the largest recipient of new capital, attracting $183.7 million in fresh investments.

While this latest inflow is a positive sign for institutional demand, it's worth noting that the three-day flow picture remains negative, with approximately $586.8 million in net withdrawals over the period.