Bitcoin ETF Inflow Streak Hits 5 Days as BTC Falls Below $84,000

US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak on Wednesday, even as Bitcoin reversed sharply from above $87,000 and slipped below the $84,000 mark.

Data from Farside Investors shows the funds attracted $32.4 million in net inflows on Sept. 23, and the entire amount went into Morgan Stanley’s MSBT. Several major funds, including BlackRock’s IBIT and Fidelity’s FBTC, did not record flows in the latest update.

Bitcoin ETF flows (Source: Farside Investors)

Although Wednesday’s inflow was much smaller than the previous two sessions, it extended an impressive run of positive flows. Bitcoin ETFs brought in $159.5 million on Sept. 17, $433 million on Sept. 18, $999 million on Sept. 21 and $714.7 million on Sept. 22.

Including the preliminary Sept. 23 figure, that puts the five-session inflow streak at roughly $2.34 billion. The biggest day of the streak came on Monday, when close to $1 billion entered the funds, led by BlackRock, Fidelity and ARK Invest. 

The ETF inflows have not been enough to prevent a sharp Bitcoin pullback over the past 24 hours.

BTC traded above $86,000 but fell sharply toward $84,000. Bitcoin briefly dipped below that level before recovering slightly, leaving the cryptocurrency well below its earlier highs.