Bitcoin spot ETF saw a net inflow of over $1.7 billion in two days
Cointelegraph
09-23 15:41
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US spot Bitcoin ETF saw a net inflow of over $1.7 billion in two days, and the BTC price rose above the average holder cost.
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US spot Bitcoin ETF has attracted large amounts of capital inflows for two consecutive days. As the price of Bitcoin rebounds, the average cost for holders of ETF has also been raised again.

Two-day net inflow exceeded $1.7 billion

According to SoSoValue data, the relevant ETF recorded a net inflow of $715 million on Tuesday, continuing the inflow performance of $999 million on Monday. The total for the two days exceeded $1.7 billion.

Asset scale rebounds

The total net assets of US spot Bitcoin ETF rose to approximately $111 billion on Tuesday, representing a 56% increase from the year-to-date low of around $71 billion on June 30. However, this figure is still below the year-to-date high of around $128 billion recorded on January 14.

Holders back in the profitable range

Bloomberg analyst James Seyffart stated that, according to their estimates, the average cost for Bitcoin ETF holders is around $81,722 per coin. As the price of Bitcoin surpassed this level, holders have returned to a profitable position for the first time since January.

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