Bitcoin ETFs See Largest Inflows in Nine Months Amid Price Surge to $82,000
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their highest inflows since January as the price of Bitcoin rose above $82,000 on September 3, according to SoSoValue data. The ETFs attracted approximately $730.87 million in net assets during the session, with BlackRock's iShares Bitcoin Trust (IBIT) leading the way by capturing about 62% of total inflows. Other major players like ARK Invest and Fidelity also saw significant contributions to their funds. Despite some outflows from VanEck’s HODL and WisdomTree’s BTCW, combined net assets across U.S. spot Bitcoin ETFs reached $103.34 billion after the session—representing over 6% of Bitcoin's market capitalization. The inflows reversed a weak start to the week that included both positive and negative flows on earlier days. Bitcoin’s price has been fluctuating between roughly $76,200 and $82,100 in September as it approaches key technical levels like its 365-day moving average near $83,000. While ETF inflows suggest strong institutional interest, some analysts caution that recent gains may be driven by short covering rather than new long positions.
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Topics: Bitcoin Crypto Market Trends ETFs