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BlackRock’s IBIT Bitcoin ETF Sees First Net Inflow in Three Weeks

BlackRock’s IBIT Bitcoin ETF Sees First Net Inflow in Three Weeks

CryptodnesCryptodnes2024/09/17 18:12
By:Cryptodnes

BlackRock’s IBIT Bitcoin ETF recorded its first daily net inflow in three weeks, bringing in $15.8 million.

This marks the end of a prolonged period of stagnant or negative flows, which had lasted since August 26. Prior to this, the ETF had experienced 11 consecutive days without positive inflows and two days of net outflows on August 29 and September 9.

BlackRock’s IBIT Bitcoin ETF Sees First Net Inflow in Three Weeks image 0

On the same day, other Bitcoin ETFs also saw net inflows: Fidelity’s FBTC added $5.1 million, Franklin Templeton’s EZBC saw $5 million, and VanEck’s HODL gained $4.9 million, according to CoinGlass data.

Conversely, Grayscale’s high-fee Bitcoin ETF, GBTC, experienced net outflows of $20.8 million on Friday, despite recent inflows of $6.7 million. Its mini-merchant BTC had a modest net inflow of $2.8 million.

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BlackRock’s IBIT remains the leader in spot Bitcoin ETF flows, with $20.9 billion in net inflows since January. Fidelity’s FBTC follows with $9.6 billion, while Grayscale’s GBTC has seen net outflows exceeding $20 billion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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