Bitcoin ETFs Record Nearly $3 Billion in Inflows Amid Six-Day Winning Streak

Bitcoin ETFs have attracted over $2.8 billion in new investment since September 17, marking six consecutive days of inflows. According to Farside Investors, Monday saw nearly $1 billion in purchases, the highest daily total since October 6. While Bitcoin's price recently traded near $83,975, Bloomberg analyst James Seyffart noted that the average ETF investor has returned to profitability as the cost basis surpassed $81,722. The renewed interest follows the U.S. Treasury's August announcement regarding liquidity-support buyback operations, with the market maintaining momentum despite the failure of the CLARITY Act and recent Federal Reserve interest rate hikes.