Bitcoin ETFs take in $1.7B in 2 days as BTC tops holder cost basis

Over a two-day period, US spot Bitcoin exchange-traded funds (ETFs) attracted over $1.7 billion in net inflows, as Bitcoin's price surpassed the average cost basis expected by investors. The funds experienced a surge, with $715 million in net inflows on Tuesday, following $999 million on Monday, according to SoSoValue data. As of Tuesday, total net assets within US spot Bitcoin ETFs amounted to approximately $111 billion, marking a 56% increase from their 2026 low of roughly $71 billion on June 30.

Despite still being around 13% below the 2026 high of $128 billion reached on January 14, the figures highlight the growing interest in Bitcoin's underlying value.

BlackRock's iShares Bitcoin Trust (IBIT) led the inflows on Tuesday, receiving $350 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $257 million and Grayscale Bitcoin Mini Trust with $99 million, as per Farside Investors data. James Seyffart, a Bloomberg Intelligence ETF analyst, noted that the average Bitcoin ETF holder saw their investment back above water for the first time since January, as Bitcoin prices climbed above the estimated cost basis of $81,722 per coin.

Bitcoin was trading around $86,000 on Tuesday, according to CoinGecko. Following a brief surge above $87,000 on Wednesday, Bitcoin's value settled at $86,467 at the time of this report, representing a 1.2% increase over 24 hours and a 13.8% rise over the past week.