US spot Bitcoin ETFs recorded net inflows of $347 million on Wednesday, continuing a positive trend despite Bitcoin's price falling below $84,000. The cryptocurrency had briefly surpassed $87,000 earlier in the week.
According to data from SoSoValue, the total inflows for the past five days reached approximately $2.65 billion. This Wednesday's inflow was a decrease from $714.75 million on Tuesday and a peak of $998.95 million on Monday.
In September alone, Bitcoin ETFs have attracted about $2.37 billion, helping to offset previous outflows and pushing year-to-date inflows to around $596 million.
Leading the inflows on Wednesday was BlackRock’s iShares Bitcoin Trust (IBIT), which saw $166 million, followed closely by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $143 million.
In addition to Bitcoin, US spot Ether ETFs gained around $105 million, marking four consecutive days of inflows, while spot XRP ETFs added $18 million, bringing their cumulative inflows to about $1.8 billion.
As of the latest update, Bitcoin was trading at $83,743, reflecting a 2.7% decline over the past 24 hours but a notable 9.5% increase over the week, according to CoinGecko.