U.S. Spot Bitcoin ETF Cohort Needs $84,358 to Break Even

Bitcoin (BTC) would need to reach an estimated $84,358 for the average U.S. spot Bitcoin ETF holder to break even, putting the cost-basis level in focus as the funds drew fresh inflows on Oct. 19.

The average holder was estimated to be 2.6% below break-even that day. The $84,358 figure describes the group average; individual investors and funds may have different purchase prices.

U.S. spot Bitcoin ETFs recorded $228.4 million in net outflows during the week ended Oct. 16, their second consecutive week of net withdrawals. The funds then took in $526.7 million on Oct. 19.

BTC dipped below $81,300 during each of the four days from Oct. 15 through Oct. 18 but closed above that level each day. Futures open interest rose 4.3% from Oct. 12 through Oct. 15 while BTC declined.

The next ETF flow figures will show whether net inflows continued beyond Oct. 19.