Bitcoin ETFs Extend Winning Streak With Nearly $3B Inflows

ETF Inflow Momentum

Bitcoin ETFs have logged six consecutive days of inflows, pulling in more than $2.8 billion since September 17, according to Farside Investors data. Monday alone saw investors add almost $1 billion in shares, the largest single‑day purchase since October 6 when the funds captured over $1.2 billion and BTC hit an all‑time high of $126,080.

Price Impact and Market Signals

The fresh capital lifted Bitcoin’s price to an intraday high of $87,330 on Monday before settling near $83,975, a modest gain after the rally. Over the past seven days the coin is up roughly 4 %. The average ETF cost basis surged above $81,722 for the first time since January, putting the typical holder in profit, as noted by Bloomberg analyst James Seyffart.

On‑chain data from CryptoQuant shows BTC crossing above its 365‑day moving average, a technical threshold that many traders interpret as the end of the bear market. The move reinforces the view that the asset has entered a new bull phase.

Macro backdrop and Outlook

Investor appetite revived after the U.S. Treasury announced in August it would at least double its liquidity‑support buyback operations, which initially weakened the dollar and pushed 30‑year Treasury yields lower. Although yields have since rebounded, the debasement trade remains active, supporting Bitcoin as the dollar softens.

Recent legislative setbacks—the block of the Clarity Act—and a Federal Reserve rate hike have not halted the momentum. Analysts point to the sustained ETF inflows and the breach of the 365‑day MA as bullish catalysts for the coming months.

Source: Bitcoin Magazine