Saltık 
After eight consecutive days of outflows, U.S.-based spot Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $28.6 million on September 9. This shift breaks the recent trend of declining interest in these products.
Among the notable ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led with the largest inflow of $28.6 million. Other ETFs also saw positive movement, including Bitwise Bitcoin ETF (BITB) with $22 million and ARK 21Shares Bitcoin ETF (ARKB) with $6.8 million in inflows. However, BlackRock’s iShares Bitcoin Trust (IBIT), which has been a market leader, recorded a rare outflow of $9.1 million — its smallest on record compared to earlier larger outflows.
Might interest you: BTC and ETH Under Pressure: Expect a Tense Week Ahead
The recent rally in Bitcoin, which saw a 5.35% increase to a high of $57,635 on September 9 before cooling to $56,682, may have contributed to renewed interest in these funds.
Despite the inflows, Ethereum ETFs continue to struggle, seeing $5.2 million in outflows on the same day. This marks their seventh straight day of net outflows, indicating ongoing challenges in the market for Ethereum-based products.
BlackRock remains the dominant issuer of spot Bitcoin ETFs, with $20.9 billion in total net inflows, followed by Fidelity and ARK 21Shares at $9.45 billion and $2.28 billion, respectively. However, total net inflows across all spot Bitcoin ETFs currently sit at $16.93 billion, including significant outflows from the Grayscale Bitcoin Trust (GBTC).
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.