Bitcoin ETFs See $175 Million Inflows Amid Market Dynamics
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Blackrock's IBIT Drives $175M ETF Inflows as Bitcoin's Price Falls Below $80K
U.S. bitcoin exchange-traded funds (ETFs) closed Friday with $174.60 million in net inflows, even as bitcoin’s price slipped back below $80,000. Ether and HYPE funds also attracted capital, while solana ETFs posted outflows. Bitcoin ETF Demand Holds Despite Price Retreat Wall Street ended the week with two competing signals: resilient demand for bitcoin exposure and […]
US crypto ETFs ended September 4 with mixed capital flows, with spot BTC funds attracting $174.6 million, Ethereum ETFs adding $25.9 million, and Solana products reporting $5.2 million in outflows.
According to ChainCatcher and SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $175 million. The BlackRock ETF IBIT saw the largest single-day net inflow at $117 million, bringing its total historical net inflow to $64.057 billion. The Fidelity ETF FBTC followed with a net inflow of $57.2183 million, bringing its total historical net inflow to $10.333 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $101.2…
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapUS spot Bitcoin ETFs see $175M inflows, Ethereum ETFs gain $27M
The inflows into Bitcoin and Ethereum ETFs highlight growing investor confidence and potential shifts in market sentiment towards cryptocurrencies.
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