The U.S. spot bitcoin ETF recorded a net inflow of USD 187 million on Tuesday, extending its positive run to four days.Bitcoin held steady at USD 60,000 amid expectations of lower interest rates ahead of Wednesday's key FOMC meeting.
At the same time, the U. S. #Ethereum #ETF saw net outflows of USD 15 million for the second day.
Listed mutual funds recorded net inflows of $186.8 million on Tuesday, extending their positive streak to four days, totaling more than $500 million.
According to Coinglass, BlackRock's IBIT ETF posted its first positive performance in three weeks on Monday, but returned to zero yesterday as Fidelity's FBTC posted net inflows of $56.6 million.
BITB from Bitwise and ARKB from Ark Invest came in second and third with net inflows of US$45.4 million and US$42.2 million, respectively; VanEck's HODL, US$20.5 million; Invesco's BTCO, US$10.2 million; Franklin Templeton's EZBC, US$8.7 million. EZBC - US$8.7 million and WisdomTree's BTCW - US$3.2 million, indicating a diverse distribution of flows among the funds.
On Tuesday, there were no net outflows from the US Spot #Bitcoin ETF, while other funds, including Greyscale's expensive GBTC, had zero inflows.
According to data compiled by The Block, from Aug. 27 to Sept. 6, spot bitcoin ETFs recorded outflows of about $1.2 billion per day, but then recorded inflows of $603.5 million, bringing the total inflows since the start of trading in January to about $17.5 billion.
The bitcoin ETF spot trading volume also increased from $1.1 billion on Monday to $2.3 billion on Tuesday.
Nate Geraci, president of ETF Store, told Site X: It looks like a 'rotting retailer' put another $200 million into the bitcoin ETF spot on a random Tuesday. ....... Eight months after launch, he wrote. #Fidelity Bitcoin ETF AUM now exceeds $10 billion iShares [BlackRock] Bitcoin ETF > $21 billion Spot Bitcoin ETF = 4 top ETFs launching in 2024 and most banks have yet to approve them.
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