Bitcoin ETFs See Largest Inflows in Nine Months as Price Surpasses $82,000
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their highest inflows since January on September 3, with a total of approximately $730.87 million flowing into the funds as Bitcoin's price reached $82,000. This marked a significant turnaround from earlier in the week when ETF flows were mixed or negative. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with nearly 62% of total money entering U.S. spot Bitcoin ETFs on that day. Other major players like ARK Invest and Fidelity also saw substantial net inflows, while VanEck and WisdomTree experienced outflows. The combined assets under management for these ETFs now exceed $103 billion, representing over 6% of Bitcoin’s market capitalization. Despite the strong performance in ETF flows, some analysts caution that recent price gains may be driven by short covering rather than new long positions.
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Topics: Bitcoin ETFs inflows market data