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Bitcoin ETFs see nearly $3B in inflows over six days

Investors added $2.8 billion to bitcoin exchange traded funds since Sept. 17, with Monday inflows near $1.0 billion.

Reported · Written up by our desk · Bitcoin

Bitcoin exchange traded funds have extended their inflow streak, with investors spending about $2.8 billion buying shares over the past six days, according to Farside Investors data cited by Bitcoin Magazine.

The outlet said the ETFs have pulled in more than $2.8 billion in new investment since Sept. 17, and that Monday alone saw nearly $1.0 billion in purchases, the highest level since Oct. 6.

Bitcoin Magazine also noted that bitcoin was up modestly despite the flow strength, recently trading near $83,975 after hitting as high as $87,330 on Monday, and that the coin has gained nearly 4% over the past seven days.

The report added that the ETFs are managed by firms including BlackRock, Fidelity, and Morgan Stanley, and that bitcoin’s price at the time of the Oct. 6 inflows reached a new all time high of $126,080.

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