Bitcoin ETFs Extend Win Streak to 9 Days, Matching August Rally

In brief

• Bitcoin ETFs took in $66.19 million on Sept. 29, their ninth straight day of net inflows.
• The Sept. 17–29 run has drawn about $3.08 billion, edging past the roughly $3.04 billion pulled in during August's nine-day streak.
• Bitcoin traded near $84,400 on Wednesday, below its September high near $87,350, while daily inflows have shrunk from $999 million on Sept. 21 to $66 million.

Bitcoin is grinding higher, and the ETF buyers keep showing up.

U.S. spot Bitcoin ETFs took in $66.19 million on Tuesday, their ninth straight session of net inflows, according to Decrypt’s Bitcoin ETF tracker. Bitcoin changed hands near $84,400 on Wednesday, up roughly 1% on the day, recovering Monday’s losses.

The run began on Sept. 17 and has pulled in about $3.08 billion, based on Decrypt data. That edges out August's nine-day streak, which ran from Aug. 17 to Aug. 27 and totaled roughly $3.04 billion.

So the streaks tie on length. This one wins on dollars, by about $33 million. Hardly a landslide, but notable nonetheless, considering the August rally is widely considered to have pulled Bitcoin out of the bear market.

Bitcoin ETFs allow investors to gain exposure to the asset without buying BTC directly from a crypto exchange or holding it in a wallet. ETFs track the price and trade like stocks on brokerage apps. They’ve been widely popular since first launching two and a half years ago, and market observers look to their flows—both in and out—as a reliable sentiment indicator.