Bitcoin traded near $86,800 on Wednesday after U.S. spot Bitcoin ETFs recorded $714.7 million of net inflows on Tuesday, the fourth straight session of creations and the cleanest demand print since the Federal Reserve hiked rates a week ago. Farside Investors figures reported on 23 September put BlackRock's iShares Bitcoin Trust, ticker IBIT, at $350.3 million. Fidelity's FBTC added $257.4 million. Morgan Stanley's MSBT added $99 million. Grayscale's Bitcoin Mini Trust added $5 million, VanEck's HODL added $2.4 million, and ARK 21Shares ARKB added $600,000. No listed fund printed an outflow. The four completed sessions from 17 to 22 September took in about $2.31 billion: $159.5 million, $433 million, $999 million on 21 September, and Tuesday's $714.7 million. Markets were closed on Saturday and Sunday. That run follows roughly $746 million of redemptions on 15 and 16 September, the session that took the coin toward $75,700. See how that $450.4 million outflow landed before the hike.
$86,800 is an ETF bid, with Trump and Xi next
Desks marked bitcoin near $87,300 on Tuesday and near $86,500 to $86,800 early Wednesday, up about 14% on the week. Support sits near $85,000. Resistance is the $87,000 area the market just tagged. The 16 September hike, a unanimous 25 basis point lift to 3.75% to 4.00%, is already in the price. The next macro clock is the Trump-Xi summit, which starts in the United States on 24 September, with trade, technology, and Taiwan on the agenda. A tariff understanding by year end is a probability markets are pricing, not a communique. Strategy's 21 September filing, a 950 bitcoin purchase that took holdings to 846,000 BTC, is a second buyer, not the whole tape. If IBIT keeps creating after Thursday's meetings, $87,000 can turn into a shelf. If the funds fade and the 10-year, last near 4.93%, pushes higher, $85,000 is the level that matters. For the rate path, see why markets still price a second Warsh hike. For the corporate bid, see Strategy's 950 coin purchase.