Bitcoin ETFs take in $1.7B in 2 days as BTC tops holder cost basis
US spot Bitcoin ETFs saw more than $1.7 billion in net inflows over two days, with $999 million on Monday and $715 million on Tuesday. The surge came as Bitcoin traded above the estimated average cost basis of ETF holders, which Bloomberg’s James Seyffart put at about $81,722 per coin. Total net assets across these ETFs rose to about $111 billion on Tuesday, up 56% from the June 30 low of roughly $71 billion, though still about 13% below the Jan. 14 high of $128 billion. BlackRock’s IBIT led Tuesday inflows with $350 million, followed by Fidelity’s FBTC with $257 million and Grayscale Bitcoin Mini Trust with $99 million. Bitcoin traded around $86,000 on Tuesday and briefly moved above $87,000 Wednesday, reflecting renewed momentum in the broader crypto market.
