Bitcoin exchange-traded funds have strung together six straight days of inflows, drawing close to $3 billion as investors continue adding exposure to the leading cryptocurrency.

The funds — which include products managed by BlackRock, Fidelity, and Morgan Stanley — have taken in more than $2.8 billion in new investment since September 17, according to Farside Investors data. Spot bitcoin ETFs, which launched on U.S. exchanges in January 2024, hold the asset directly and give investors exposure through standard brokerage accounts.

Monday marked the strongest single session of the streak, with investors buying nearly $1 billion worth of shares. That was the largest daily haul since October 6, when the funds absorbed over $1.2 billion and the price of the leading cryptocurrency hit a new all-time high of $126,080.

Despite the sustained demand, Bitcoin's price gains have been modest. The asset recently stood at nearly $83,975 on Friday, down from a weekly peak of $87,330 reached on Monday. Over the past seven days, the coin's price has climbed nearly 4%.

While Bitcoin has dipped from its levels earlier in the week, Bloomberg ETF analyst James Seyffart pointed out that the average ETF buyer is back in profit, after the estimated ETF cost basis moved above $81,722 for the first time since January. Cost basis, as analysts calculate it, is the estimated average price at which ETF investors accumulated their coins.

"NEW: The average Bitcoin ETF Holder is back above water for the first time since January. The rally this morning has bitcoin:native above our estimated ETF cost basis of $81,722 per coin. h/t @EricBalchunas"
— James Seyffart (@JSeyff), September 21, 2026

Renewed investor interest in Bitcoin has followed the U.S. Department of the Treasury's August statement that it would at least double the size of its liquidity-support buyback operations. Bitcoin's price rallied as the move pushed 30-year Treasury yields down and weakened the dollar. Since that August announcement, U.S. Treasury yields have surged again.

Bitcoin continued its run last week, shrugging off the fact that lawmakers had blocked the landmark crypto legislation known as the Clarity Act, a proposed U.S. bill aimed at establishing a clear regulatory framework for digital assets, and that the Federal Reserve had hiked interest rates.

Some analysts have said the leading cryptocurrency is now in a bull run. Crypto market data firm CryptoQuant wrote this week that Bitcoin crossed above its 365-day moving average — signal, the firm said, that the asset has finished being in a bear market. The 365-day moving average tracks the asset's average price over the past year and is widely used to delineate bull and bear phases.

Bitcoin notched its record of $126,080 in October of last year, but began sinking later that month after the biggest liquidation event in crypto history saw more than $19 billion in bets closed. Liquidations are the forced closure of leveraged positions when prices move against traders. The so-called debasement trade — in which investors put money into an asset to hedge against a currency losing its value — is hot again, and Bitcoin's price has benefited as the dollar has weakened.

This article first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.