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PiCK

US Spot Bitcoin ETFs Return to Net Inflows With $101.15 Million Added

Source
Suehyeon Lee

Summary

  • US spot Bitcoin ETFs recorded total net inflows of $101.15 million.
  • BlackRock's IBIT led overall inflows with $115.45 million in net subscriptions.
  • By contrast, Grayscale's GBTC was the only product to post net outflows, with $56.21 million leaving the fund.

Forecast Trend Report by Period

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Photo: Trader T
Photo: Trader T

US spot Bitcoin exchange-traded funds swung back to net inflows in one day, pulling in more than $100 million.

Trader T data showed on September 3 that US spot Bitcoin ETFs recorded combined net inflows of $101.15 million a day earlier. The reversal came just one trading day after the funds posted more than $200 million in net outflows.

BlackRock's IBIT led the inflows with $115.45 million. Grayscale's Mini Bitcoin Trust drew $30.42 million, while Morgan Stanley's MSBT and Bitwise's BITB posted net inflows of $7.3 million and $4.19 million, respectively.

Grayscale's GBTC was the only fund to record net outflows, with $56.21 million leaving the product. The remaining ETFs posted no net flows.

#Spot ETF
#Bitcoin ETF
#ETF
Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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