Bitcoin ETFs See $1.7B in Inflows as BTC Surpasses Cost Basis
- US spot Bitcoin ETFs recorded over $1.7 billion in net inflows within two days.
- Inflows included $715 million on Tuesday and a peak of $999 million on Monday.
- Total net assets across US spot Bitcoin ETFs reached approximately $111 billion, a rise of 56% since June.
- The average cost basis for Bitcoin ETF holders is estimated at $81,722 per coin, with Bitcoin trading around $86,000.
- Bitcoin’s price increased by about 13.8% over the past week, reaching $86,467 at publication time.
The significant inflows into Bitcoin ETFs indicate renewed investor confidence as the asset trades above the average holder’s cost basis for the first time since January.
With total assets now at around $111 billion, this marks a substantial recovery from June’s low of approximately $71 billion.(Source)
