{"id":92759,"date":"2024-09-10T05:58:06","date_gmt":"2024-09-10T09:58:06","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=92759"},"modified":"2024-09-10T05:58:10","modified_gmt":"2024-09-10T09:58:10","slug":"bitcoin-etfs-see-28-6m-inflow-following-outflow","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-etfs-see-28-6m-inflow-following-outflow\/","title":{"rendered":"Bitcoin ETFs See $28.6M Inflows Following Days of Outflow"},"content":{"rendered":"\n

On September 9, the US spot Bitcoin exchange-traded funds<\/a> (ETFs) experienced a net inflow of $28.6 million, deviating from the 8-day streak of outflows.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin ETFs See $28.6M Inflows Following Days of Outflow<\/figcaption><\/figure>\n\n\n\n

BlackRock's iShares Bitcoin Trust (IBIT) experienced its third-ever day of net outflows totaling $9.1 million. This is the smallest outflow on record, with the largest being $36.9 million on May 1 and $13.5 million on August 29, according to data from Farside Investors.<\/p>\n\n\n\n

The Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) experienced inflows of $22 million and $6.8 million, respectively. <\/p>\n\n\n\n

In comparison, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the most significant inflow of $28.6 million on the day.<\/p>\n\n\n\n

The Invesco Galaxy Bitcoin ETF<\/a> (BTCO) also experienced a $3.1 million inflow.<\/p>\n\n\n\n

\"Flows
Flows for the US spot Bitcoin ETFs on Sept. 9 (Green). Source: Farside Investors<\/em><\/figcaption><\/figure>\n\n\n\n

Before the eight-day outflow trend ended on September 9, approximately $1.2 billion fled the spot Bitcoin ETFs during the trading days between August 27 and September 6.<\/p>\n\n\n\n

CoinGecko data indicates that it occurred after a 5.35% Bitcoin rally that culminated in a high of $57,635 on September 9 before declining to $56,682 at current prices.<\/p>\n\n\n\n

\"Bitcoin\u2019s
Bitcoin\u2019s change in price since Sept. 8. Source: CoinGecko<\/em><\/figcaption><\/figure>\n\n\n\n

BlackRock remains the top-rank Bitcoin ETF issuer<\/a>, with a total net inflow of $20.9 billion. Fidelity and ARK 21Shares complete the top three, with $9.45 billion and $2.28 billion, respectively.<\/p>\n\n\n\n

The total net inflows across all platforms total $16.93 billion, with the Grayscale Bitcoin Trust (GBTC) accounting for over $20 billion in outflows.<\/p>\n\n\n\n

Ethereum exchange-traded funds (ETFs) see Outflow<\/h2>\n\n\n\n

On September 9, the spot Ether ETFs issued in the United States experienced a $5.2 million outflow, the seventh trading day without an inflow.<\/p>\n\n\n\n

Like the spot Bitcoin ETFs, BlackRock, and Fidelity's Ether products dominated the market with inflows of $1 billion and $405.4 million, respectively.<\/p>\n\n\n\n

The Grayscale Ethereum Trust\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (ETHE) has experienced $2.69 billion in disbursements, while Bitwise's fund ranked third with $315.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

On September 9, the US spot Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $28.6 million, deviating from the 8-day streak of outflows. BlackRock’s iShares Bitcoin Trust (IBIT) experienced its third-ever day of net outflows totaling $9.1 million. This is the smallest outflow on record, with the largest being $36.9 million on May 1 […]<\/p>\n","protected":false},"author":12,"featured_media":78957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21738,1613,21739,20185],"class_list":["post-92759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitb","tag-bitcoin-etf","tag-fbtc","tag-outflows"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/Bitcoin-Price-Surges-with-222M-Influx-into-US-Bitcoin-ETF.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=92759"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/92759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/78957"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=92759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=92759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=92759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}