ETF Frenzy Boosts Bitcoin Price as Institutional Demand Remains Strong

Bitcoin's price has inched higher to $84,508.13 after falling below the $84k mark, mirroring a 1% rise in the total crypto market cap.

This growth is largely driven by sustained institutional demand for spot Bitcoin ETFs, which have recorded their seventh consecutive day of net inflows on September 25.

Since September 17, nearly $3 billion in net buying has been seen in spot Bitcoin ETFs, providing direct buy-side pressure and a structural bid beneath the market.

The average ETF holder is now in profit above the $81,722 cost basis, thanks to this reversal from outflows earlier in the month.