Bitcoin ETFs attract $1.7 B in two days as BTC moves above holder cost basis

US spot Bitcoin exchange‑traded funds (ETFs) saw net inflows of over $1.7 billion across two trading days, coinciding with Bitcoin trading above the estimated average cost basis of ETF investors.

Inflows by day

• Monday: $999 million net inflow
• Tuesday: $715 million net inflow

ETF assets under management

Total net assets of US spot Bitcoin ETFs reached roughly $111 billion on Tuesday, up 56 % from the June 30 low of about $71 billion. The level remains about 13 % below the January 14 peak of $128 billion.

Top‑performing funds

• BlackRock’s iShares Bitcoin Trust (IBIT) – $350 million inflow
• Fidelity’s Wise Origin Bitcoin Fund (FBTC) – $257 million inflow
• Grayscale Bitcoin Mini Trust – $99 million inflow

Bitcoin price context

Bitcoin traded around $86 000 on Tuesday and briefly rose above $87 000 on Wednesday. At the time of writing, the price was $86 467, up 1.2 % over 24 hours and 13.8 % over seven days.

Cost‑basis perspective

Bloomberg Intelligence ETF analyst James Seyffart estimated the average Bitcoin ETF holder’s cost basis at $81 722 per coin. With Bitcoin trading above this level, holders are back in positive territory for the first time since January.