Bitcoin ETFs Gain $1.7B as Price Clears $81,722 Cost Basis
US spot Bitcoin ETFs attracted $1.7 billion in two days as prices rose above the average holder cost basis of $81,722.
Key points
- US spot Bitcoin ETFs recorded $1.7 billion in net inflows over two days.
- Bitcoin price exceeded the estimated average holder cost basis of $81,722.
- Total net assets reached $111 billion, up 56% from the June 30 low.
US spot Bitcoin ETFs recorded $1.7 billion in net inflows over two days. Bitcoin traded above the average holder cost basis, triggering renewed institutional demand.
Total net assets reached $111 billion on Tuesday. This figure represents a 56% increase from the June 30 low but remains 13% below the January high.
Inflows driven by cost basis break
Funds saw $715 million in net inflows on Tuesday. This followed a 2026 high of $999 million in daily inflows on Monday.
BlackRock’s iShares Bitcoin Trust led Tuesday's activity with $350 million. Fidelity’s Wise Origin Bitcoin Fund followed with $257 million in net purchases.
Average holder moves back above water
Bloomberg Intelligence analyst James Seyffart noted holders are profitable. Bitcoin moved above his estimated ETF cost basis of $81,722 per coin.
Bitcoin traded around $86,000 on Tuesday according to Cointelegraph data. The asset briefly surged above $87,000 on Wednesday before settling at $86,467.
Price momentum supports asset growth
Bitcoin is up 1.2% over 24 hours. The seven-day gain stands at 13.8%, reflecting sustained buying pressure across the market.
Total net assets sit at $111 billion. This level is significantly higher than the $71 billion recorded on June 30.
