BlackRock’s Bitcoin ETF Sees First Inflow in Over Three Weeks

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BlackRock’s spot Bitcoin ETF (exchange-traded fund) saw its first net inflow since August 26, with an addition of $15.8 million to its reserves.

Before yesterday’s net inflows, BlackRock’s IBIT experienced 11 consecutive days without outflows. Additionally, it reported two days of net outflows, totaling $13.5 million on August 29 and $9.1 million on September 9, as per data from Farside Investors.

Bitcoin ETF Inflow: BlackRock's IBIT Crosses Record $18.5 Billion AUM

BlackRock’s Bitcoin ETF is Not Alone in Net Inflows

Along with IBIT’s net inflows yesterday, Fidelity’s FBTC, Franklin’s EZBC, VanEck’s HODL, and Grayscale’s BTC also saw new investments added to their funds.

FBTC experienced net inflows of $5.1 million, EZBC saw $5 million, and HODL gained $4.9 million. Grayscale’s BTC also attracted $2.8 million from investors.

Bitcoin ETF Flow (US$ million) – 2024-09-16

TOTAL NET FLOW: 12.8

IBIT: 15.8
FBTC: 5.1
BITB: 0
ARKB: 0
BTCO: 0
EZBC: 5
BRRR: 0
HODL: 4.9
BTCW: 0
GBTC: -20.8
BTC: 2.8

For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw

— Farside Investors (@FarsideUK) September 17, 2024

In total, the newly-established US spot Bitcoin ETFs recorded $12.8 million in net inflows yesterday, marking a 3-day positive net flow streak.

This followed substantial inflows of $263.2 million on September 13 and $39 million the previous day for the US spot Bitcoin ETFs.

Grayscale’s Converted Fund Continues to Face Outflows

The total inflows yesterday were offset by a $20.8 million outflow from Grayscale’s GBTC fund. Although GBTC ended its negative flow streak with a surprising $6.7 million net inflow on September 13, it has seen a loss of over $20 billion since its conversion to a spot Bitcoin ETF earlier this year.

Conversely, BlackRock’s IBIT remains the top choice among spot Bitcoin ETF investors, having raised over $20.9 billion since its inception.

Fidelity’s FBTC follows closely with a total influx of $9.647 billion. Meanwhile, the funds from Ark and 21Shares hold the third position with reserves exceeding $2.35 billion.

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