US Bitcoin ETFs See $106M in Inflows, Led by BlackRock’s $184M Investment Surge

US Bitcoin ETFs See $106M in Inflows, Led by BlackRock’s $184M Investment Surge

US Bitcoin ETFs See $106M in Inflows, Led by BlackRock’s $184M Investment Surge

US Bitcoin ETFs See $106M in Inflows, Led by BlackRock’s $184M Investment Surge

Sep 27, 2024

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1 min. read

US-listed spot Bitcoin ETFs continued their winning streak with $106 million in inflows on Wednesday, marking the fifth straight day of positive momentum. Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted a substantial $184 million in new investments, according to data from Farside Investors.

Other funds saw mixed results. Bitwise’s Bitcoin ETF (BITB) recorded a modest $2 million in inflows, while some ETFs faced significant outflows. Fidelity’s Bitcoin Fund (FBTC) lost $33 million, and ARK Invest’s Bitcoin ETF (ARKB) reported $47 million in withdrawals. Grayscale’s Bitcoin Trust (GBTC), which transitioned to an ETF, continues to struggle with no new inflows and has seen over $20 billion in withdrawals to date.

Despite these outflows, US Bitcoin ETFs as a whole have accumulated around $246 million in net inflows this week, demonstrating consistent investor interest in the cryptocurrency market. With BlackRock's IBIT leading the pack, these funds continue to attract attention as they navigate a dynamic investment landscape.

As the crypto sector remains volatile, these developments highlight growing institutional participation in Bitcoin-focused financial products, with BlackRock solidifying its dominance in the space.

Note: These products are available in the US only.

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The software for the Unity Wallet mobile application is developed by the Developer. This Website www.unitywallet.com and the Unity Wallet mobile application are distributed and provided to the users of this website and/or of the Unity Wallet mobile application exclusively by the Content Provider, according to the Terms of Use and the Privacy Policy

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SAVL GmbH, c/o Schwärzler Rechtsanwälte Attorneys, Baarerstr. 75, 6300 Zug, Canton of Zug, Switzerland

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SAVL Limited, a company incorporated under the laws of Cayman Islands, with a registered office at 190 Elgin Avenue, George Town, Grand Cayman KY1-9001, Cayman Islands

Unity Wallet © 2024, All Rights Reserved

Impressum

The software for the Unity Wallet mobile application is developed by the Developer. This Website www.unitywallet.com and the Unity Wallet mobile application are distributed and provided to the users of this website and/or of the Unity Wallet mobile application exclusively by the Content Provider, according to the Terms of Use and the Privacy Policy

Developer

SAVL GmbH, c/o Schwärzler Rechtsanwälte Attorneys, Baarerstr. 75, 6300 Zug, Canton of Zug, Switzerland

Content Provider (for the Website/App)

SAVL Limited, a company incorporated under the laws of Cayman Islands, with a registered office at 190 Elgin Avenue, George Town, Grand Cayman KY1-9001, Cayman Islands

Unity Wallet © 2024, All Rights Reserved

Impressum

The software for the Unity Wallet mobile application is developed by the Developer. This Website www.unitywallet.com and the Unity Wallet mobile application are distributed and provided to the users of this website and/or of the Unity Wallet mobile application exclusively by the Content Provider, according to the Terms of Use and the Privacy Policy

Developer

SAVL GmbH, c/o Schwärzler Rechtsanwälte Attorneys, Baarerstr. 75, 6300 Zug, Canton of Zug, Switzerland

Content Provider (for the Website/App)

SAVL Limited, a company incorporated under the laws of Cayman Islands, with a registered office at 190 Elgin Avenue, George Town, Grand Cayman KY1-9001, Cayman Islands