TLDR
- US spot Bitcoin ETFs recorded $32.4 million in net inflows on September 23, extending the positive streak to five sessions.
- The five-day run brought total Bitcoin ETF inflows to about $2.34 billion.
- Morgan Stanley’s MSBT accounted for the entire September 23 inflow, while IBIT and FBTC recorded no flows.
- Bitcoin fell below $84,000 despite continued ETF demand, after trading above $87,000 earlier.
- Daily ETF inflows slowed sharply from $714.7 million to $32.4 million, raising attention around the next session’s flow data.
US spot Bitcoin exchange-traded funds continued attracting capital on Wednesday, even as Bitcoin gave back part of its latest rally. Bitcoin ETF Inflows reached $32.4 million on September 23, according to preliminary Farside Investors data. The gain extended the funds’ positive streak to five trading sessions while BTC slipped below $84,000 after trading above $87,000.
Bitcoin ETF Inflows Extend Five-Day Run
The latest inflow followed several stronger sessions. A recent report on Monday’s near-$1 billion ETF intake showed that US spot Bitcoin funds drew about $999 million on September 21. The funds then added $714.7 million on September 22, keeping institutional demand positive during Bitcoin’s rebound.
The five-session sequence started with $159.5 million on September 17. Inflows rose to $433 million on September 18 before accelerating at the start of this week. Including the preliminary September 23 figure, Bitcoin ETF Inflows reached about $2.34 billion across the five trading days.
Morgan Stanley Takes Entire Latest Flow
Morgan Stanley’s MSBT recorded the full $32.4 million inflow on Wednesday. Other large funds, including BlackRock’s IBIT and Fidelity’s FBTC, showed no flows in the latest update. The result marked a sharp slowdown from Tuesday’s $714.7 million total. No fund recorded a net outflow on Tuesday, while several issuers took in capital. The shift followed two days of withdrawals on September 15 and 16, when the funds lost $450.4 million and $295.9 million, respectively, before inflows resumed Thursday.
The reduced daily figure came after a four-session run had already reached about $2.31 billion. A separate report on the ETF winning streak showed that BlackRock led September 22 with $350.3 million. Fidelity followed with $257.4 million, while Morgan Stanley added $99 million that day.
Bitcoin Falls Despite Fresh ETF Demand
Bitcoin moved in the opposite direction during the latest session. BTC fell from above $86,000 toward $84,000 and briefly traded below that level. A market update on Bitcoin’s decline reported that higher US Treasury yields added pressure as the 10-year yield moved above 5%.
The price move left Bitcoin well below its earlier weekly high despite continued ETF buying. The latest data shows that fund demand remained positive while broader spot selling pushed BTC lower. The five-day inflow streak remains intact, but Wednesday’s total was much smaller than the previous sessions.
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