Bitcoin ETFs Take $1.7B in 2 Days as BTC Tops Cost Basis — SkimNews
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- US spot Bitcoin ETFs recorded more than $1.7 billion in net inflows over two days, with $715 million on Tuesday following a 2026 high of $999 million on Monday, according to SoSoValue data.
- BlackRock's iShares Bitcoin Trust (IBIT) led Tuesday's inflows with $350 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) at $257 million and Grayscale Bitcoin Mini Trust at $99 million per Farside Investors data.
- Total net assets across US spot Bitcoin ETFs reached approximately $111 billion on Tuesday, up 56% from a 2026 low of roughly $71 billion on June 30, though still about 13% below the 2026 high of $128 billion recorded on January 14.
- Bloomberg Intelligence ETF analyst James Seyffart said the average Bitcoin ETF holder was back above water for the first time since January, after Bitcoin moved above his estimated ETF cost basis of $81,722 per coin.
- Bitcoin traded around $86,000 on Tuesday and briefly surged above $87,000 on Wednesday, up 1.2% over 24 hours and 13.8% over seven days according to CoinGecko.
Why it matters: Average Bitcoin ETF holders are above water for the first time since January after BTC cleared Seyffart's $81,722 estimated cost basis, with $1.7 billion in fresh inflows over two days. BlackRock's IBIT absorbing $350 million on a single day shows the new money is concentrating in the largest vehicles rather than dispersing evenly across providers.
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