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Bitcoin ETF

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Grayscale Bitcoin Trust

United States-based spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $28.6 million on Sept. 9 — breaking eight consecutive trading days of outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) also saw its third-ever day of net outflows at $9.1 million, its smallest on record next to its biggest single day of outflows of $36.9 million on May 1 and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/blackrock-ibit-bitcoin-etf-second-outflow-day-13-million" rel="null" target="null" text="null" title="null">$13.5 million on Aug. 29</a>, Farside Investors <a data-ct-non-breakable="null" href="https://farside.co.uk/btc/" rel="null" target="null" text="null" title="null">data</a> shows.
The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflows on the day at $28.6 million, while the Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) tallied respective inflows of $22 million and $6.8 million.
The Invesco Galaxy Bitcoin ETF (BTCO) also recorded an inflow of $3.1 million.
<figure>
 <img alt="Bitcoin ETFs see $28.6M inflows after 8-day outflow streak" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191da8d-36ea-73bb-8332-deddd3e9c6bd">
 <figcaption style="text-align: center;">
 Flows for the US spot Bitcoin ETFs on Sept. 9 (Green). Source: Farside Investors
 </figcaption>
</figure>
Roughly <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etfs-1-2-billion-outflows-8-days" rel="null" target="null" text="null" title="null">$1.2 billion left</a> the spot Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) ETFs in the trading days between Aug. 27 and Sept. 6 before the eight-day outflow streak broke on Sept. 9.
It followed a 5.35% Bitcoin rally to a high of $57,635 on Sept. 9 before cooling off to $56,682 at current prices, CoinGecko <a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/bitcoin" rel="null" target="null" text="null" title="null">data</a> shows.
<figure>
 <img alt="Bitcoin ETFs see $28.6M inflows after 8-day outflow streak" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191da8c-a038-7ae2-9f83-a191c190a221">
 <figcaption style="text-align: center;">
 Bitcoin’s change in price since Sept. 8. Source: CoinGecko
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wealth-advisers-adopting-bitcoin-etfs-faster-history-bitwise-cio" rel="null" target="null" text="null" title="null">Wealth advisers adopting BTC ETFs faster than any in history: Bitwise CIO</a>
BlackRock continues to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/blackrock-bitcoin-etf-investors-plummeting-bitcoin-outlook" rel="null" target="null" text="null" title="null">lead all spot Bitcoin ETF issuers</a> with $20.9 billion in total net inflows, while Fidelity and ARK 21Shares round out the top three at $9.45 billion and $2.28 billion, respectively.
Total net inflows across all currently amount to $16.93 billion, which includes <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/grayscale-outflows-impact-ethereum-etf-launch" rel="null" target="null" text="null" title="null">over $20 billion in outflows</a> from the Grayscale Bitcoin Trust (GBTC).
<h3 id="strong-ethereum-etfs-still-in-the-red-strong">Ethereum ETFs still in the red</h3>
The US-based spot Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) ETFs <a data-ct-non-breakable="null" href="https://farside.co.uk/eth/" rel="null" target="null" text="null" title="null">saw</a> $5.2 million in outflows on Sept. 9 — marking their seventh trading day without an inflow.
Similar to the spot Bitcoin ETFs, BlackRock and Fidelity’s Ether products led the pack with respective inflows of $1 billion and $405.4 million.
Bitwise’s fund came in third at $315.9 million, while the Grayscale Ethereum Trust (ETHE) has seen $2.69 billion in outflows.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-etf-coinbase-honeypot-hackers-government-trezor-ceo/" rel="null" target="null" text="null" title="null">Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO</a>

Bitcoin ETFs see $28.6M inflows after 8-day outflow streak

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