U.S. Spot Bitcoin ETFs See $28M in Inflows, Breaking Eight-Day Outflow Streak
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. saw a reversal in their recent outflow trend, recording $28.72 million in net inflows on Monday, ending an eight-day streak of negative flows.
Fidelity’s FBTC led the inflows with $28.6 million, followed by Bitwise’s BITB, which added $21.99 million, according to data from SoSoValue.
Other funds saw smaller gains. Ark Invest and 21Shares’ ARKB pulled in $6.81 million, while Invesco’s BTCO recorded $3.14 million in net inflows.
The day’s overall performance was dampened by Grayscale’s GBTC, which saw $22.76 million in outflows.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, also reported $9.06 million in outflows.
IBIT has now registered outflows or flat activity since August 26.
The 12 Bitcoin ETFs in the U.S. market collectively recorded a total daily trading volume of $1.61 billion on Monday, a decline from $2.39 billion on Friday.
These ETFs have seen $16.92 billion in cumulative net inflows since their launch in January 2024.
On September 9, the Bitcoin spot ETF had a total net inflow of $28.7196m. Grayscale ETF GBTC had an outflow of $22.76m, and Fidelity ETF FBTC had an inflow of $28.5954m. Ethereum spot ETF had a total net outflow of $5.198m, and continued to have a net outflow for 5 days.…
As reported, digital asset investment products have experienced a significant downturn, with outflows totaling $726 million over the past week.
The figure matches the largest recorded outflow, which occurred in March of this year.
Bitcoin was hit particularly hard by the
Read more on cryptonews.com
