Bitcoin Spot ETFs Soar to Fresh Inflows Amid BTC Price Recovery
Regulated funds are back in Bitcoin's corner as spot ETFs continue to attract significant inflows. The latest session saw a net intake of $714.7 million, extending their winning streak to four trading days.
The total Bitcoin ETF inflows reached about $2.31 billion across the four-session run, with BlackRock's IBIT leading the charge with $350.3 million in net inflows on September 22.
Fidelity's FBTC followed closely with $257.4 million, and Morgan Stanley's MSBT added $99 million to the mix. Other notable issuers, including VanEck, ARK Invest, 21Shares, and Grayscale, also recorded inflows during this period.
The surge in demand comes as Bitcoin itself recovers toward $87,000, having initially dipped below this level earlier in the week. The cryptocurrency has since risen by about 1.25% over 24 hours, with buyers continuing to support prices above the breakout area.