PiCK
U.S. Spot Bitcoin ETFs Draw $714.7 Million, Marking Fourth Straight Session of Inflows
Suehyeon Lee
Summary
- U.S. spot Bitcoin ETFs extended their buying streak as they drew $714.7 million in inflows.
- The total net inflow marked a fourth straight trading session of inflows.
- BlackRock's IBIT, Fidelity's FBTC, and Morgan Stanley's MSBT were among the products posting the largest fund inflows.
U.S. spot Bitcoin exchange-traded funds extended their inflow streak as more than $700 million flowed into the products.
Farside Investors data released on September 23 showed the 12 U.S. spot Bitcoin ETFs recorded combined net inflows of $714.7 million a day earlier. That was the fourth straight trading session of net inflows.
BlackRock's IBIT led the gains with $350.3 million of inflows, while Fidelity's FBTC brought in $257.4 million.
Morgan Stanley's MSBT posted net inflows of $99 million. Grayscale Bitcoin Mini Trust BTC drew $5 million, VanEck's HODL added $2.4 million, and Ark Invest and 21Shares' ARKB took in $600,000. The remaining products recorded no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.