market-analysis · Bitcoin · ETFs · Institutional Flows
U.S. Spot Bitcoin ETFs Absorb More Than $1.7B in Two Days
U.S. spot Bitcoin ETFs recorded more than $1.7 billion in net inflows across two sessions as Bitcoin moved above an estimated average ETF-holder cost basis.
What happened
Reported net inflows of about $999 million on Monday and $715 million on Tuesday took the two-day total above $1.7 billion. Bloomberg Intelligence analyst James Seyffart estimated the average ETF-holder cost basis near $81,722.
Blue Rogues read
The combination of strong subscriptions and price above the estimated cost basis improves the near-term institutional demand signal. It also places more recent ETF buyers in profit on an aggregate estimate.
What this confirms
The flows show substantial net demand through the U.S. spot ETF channel during the observed two-session window.
What it does not confirm
Two sessions do not establish a durable trend. The cost basis is an estimate, flows can reverse, and ETF demand does not eliminate volatility or broader market risk.
Sources and disclosures
Source: Cointelegraph. The report is used within its stated scope, and attributed claims remain attributed. Blue Rogues has not converted a reported or conditional fact into independent certainty.
Update note
Observed September 23, 2026 at approximately 09:38 BRT. Any time-sensitive figure or developing status must be refreshed immediately before publication.