Bitcoin ETFs Pull In $999 Million in a Day as BTC Holds Above $86,000

U.S. spot Bitcoin ETFs recorded $999 million in net inflows on Monday, Sept. 21, according to Farside Investors data, with BlackRock's IBIT leading at $381 million. Spot Ether ETFs added $270 million on the same day, with BlackRock's ETHA taking in $110 million. Data for Tuesday's ETF flows was not available at publication time.

Bitcoin traded at about $86,558 as of Wednesday morning in Asia, up 1.25% over 24 hours and 13.9% over the past week, according to Coinmarketcap. Ether was at roughly $2,764, up 0.5% on the day and 15.2% on the week. Total crypto market capitalisation stood at $3.04 trillion, up 1.1%.

The Bitcoin inflows were spread more widely than IBIT alone. ARK 21Shares' ARKB drew $289 million and Fidelity's FBTC $239 million, while Morgan Stanley's MSBT added $62 million and Bitwise's BITB $22 million, per Farside's per-fund breakdown. Grayscale's GBTC posted a small $3 million inflow.

Monday was the third straight session of net inflows, bringing the total since Sept. 17 to roughly $1.59 billion. That follows two heavy days of redemptions earlier in the month, when the funds shed $450 million on Sept. 15 and $296 million on Sept. 16. The swing in flows has tracked the price closely, with Bitcoin climbing from below $76,000 a week ago.