Bitcoin Price Prediction: ETF Flows Turned Green After $5.8 Billion Outflow

Bitcoin price is hovering around $86,500 with a sharp 13.90% run over the past week, which keeps its bullish prediction intact. The rebound is tied directly to a reversal in institutional demand that few saw coming just two months ago.

There’s a second data point buried in the flow numbers, though, that changes how traders should read this rally.U.S. spot Bitcoin ETFs recorded $190.7 million in net inflows on September 24, extending their winning streak to six consecutive trading sessions.

BlackRock’s IBIT led with $162.6 million, while Fidelity’s FBTC added $12.9 million and Morgan Stanley’s MSBT brought in $10.2 million.

Bitwise’s BITB added $4.1 million, and Franklin Templeton’s EZBC gained $4.9 million, partly offset by a $4 million outflow from WisdomTree’s BTCW.The latest inflow brought the six-session total to roughly $2.84 billion, following $159.5 million on September 17, $433 million on September 18, $999 million on September 21, $714.7 million on September 22, and $346.9 million on September 23.