• U.S. spot Bitcoin ETFs saw net inflows of $28.6 million on September 9, breaking an eight-day outflow streak
• BlackRock’s iShares Bitcoin Trust (IBIT) recorded its third-ever day of net outflows at $9.1 million
• The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflows on the day at $28.6 million
After eight consecutive days of outflows, Bitcoin exchange-traded funds (ETFs) in the United States saw net inflows on September 9th, breaking the streak.
Inflows Across Major Issuers
The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflows on the day at $26.8 million. Meanwhile, the Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) had inflows of $2.2 million and $6.8 million respectively.
The Invesco Galaxy Bitcoin ETF (BTCO) also recorded an inflow of $3.1 million.
BlackRock’s Rare Outflow
BlackRock’s iShares Bitcoin Trust (IBIT) saw its third-ever day of net outflows at $9.1 million on September 9th. This was the smallest outflow on record for IBIT, compared to its largest single day outflow of $36.9 million on May 1st.
End of Outflow Streak
Roughly $1.2 billion left the spot Bitcoin ETFs in the eight trading days before September 9th. The outflow streak ended after a $5,350 Bitcoin price rally to $57,635 on September 9th.
Leading Inflow Totals
BlackRock continues to lead all spot Bitcoin ETF issuers with $20.9 billion in total net inflows. Fidelity and ARK 21Shares round out the top three at $9.45 billion and $2.28 billion respectively.
Total net inflows across all Bitcoin ETFs currently amount to $16.93 billion, including over $2 billion in outflows from the Grayscale Bitcoin Trust (GBTC).
Ethereum ETFs Still Seeing Outflows
The US-based spot Ether (ETH) ETFs saw $52 million in outflows on September 9th, marking their seventh straight trading day without an inflow.
BlackRock and Fidelity’s Ether products led with respective outflows of $1 billion and $40.54 million. Bitwise’s fund came in third at $31.59 million. Meanwhile, the Grayscale Ethereum Trust (ETHE) has seen $2.69 billion in total outflows.
Conclusion
After a long streak of outflows, the spot Bitcoin ETFs in the US saw a break in the trend with net inflows on September 9th. However, Ethereum ETFs continued their streak of outflows. It remains to be seen if both segments can turn around the negative momentum in the coming days.
