US spot Bitcoin exchange-traded funds recorded another positive session on September 28, with total net inflows reaching $31 million. This development took place as Bitcoin rebounded toward t
US spot Bitcoin exchange-traded funds recorded another positive session on September 28, with total net inflows reaching $31 million. This development took place as Bitcoin rebounded toward the $84,000 mark after a volatile day of trading.
BlackRock’s iShares Bitcoin Trust (IBIT), which ranks among the largest institutional Bitcoin products in the US, saw the highest activity with $54.8 million in net inflows during the session. Grayscale’s Bitcoin Mini Trust (BTC) also attracted $10.3 million.
However, these gains were offset by outflows from other major products. Fidelity’s FBTC experienced net outflows of $10.9 million, while Grayscale’s flagship Bitcoin Trust (GBTC) saw $23.2 million withdrawn. The remaining US-listed spot Bitcoin ETFs did not report any significant inflows or outflows for the period.
ETF Inflows/Outflows iShares Bitcoin Trust (IBIT) $54.8 million inflows Grayscale Bitcoin Mini Trust (BTC) $10.3 million inflows Fidelity FBTC $10.9 million outflows Grayscale GBTC $23.2 million outflowsAlthough the latest $31 million net total remains modest compared to previous days, it continues a run of positive ETF market momentum in the United States.
US spot Bitcoin ETFs have seen a notable series of inflows over the past week. The streak began on September 21 with net inflows of $999 million, followed by $714.7 million on September 22. The funds collectively registered $346.9 million in net inflows on September 23, $190.7 million on September 24, and $134.5 million on September 25.
Recent data points to a clear slowdown in the pace of buying, when compared to the sharp surge earlier in the week.
The ongoing streak of spot Bitcoin ETF inflows, though smaller in size than last week, signals that institutional investors have maintained a positive stance on Bitcoin during a period of increased price volatility.
Bitcoin experienced significant price movement over the last 24 hours. The price traded below $83,000 early in the session before climbing above $83,500 and briefly breaking through the $84,000 barrier. Shortly after, the price reversed to approximately $82,800, only to rally again toward $84,100. This was followed by a retreat to the $83,700 range.
Market analysts regard the repeated attempts to surpass $84,000 as a key short-term resistance level. Bitcoin’s ability to recover from swift declines has stood out, but the cryptocurrency has not yet made a sustained move above the mark, keeping traders focused on its next steps.
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