BTC Spot ETFs attracted over $400 million in net inflows, breaking a two-week negative movement.
Fidelity’s FBTC led the recovery, recording over $193 million in net inflows during the week.
BlackRock’s IBIT saw a rare net outflow despite the overall positive direction for Bitcoin Spot ETFs.
Bitcoin Spot ETFs changed their two-week negative movement, earning over $400 million in net inflows during the past five trading days. This scored a reversal for the sector, which had previously experienced outflows and a sharp decline in the underlying asset's price
Early Week Recovery Signals Reversal
The week started positively for Bitcoin Spot ETFs, breaking the long outflow bar that had prevailed from August 26 to September 6. During that period, the ETFs saw almost $900 million in net outflows, contributing to a price drop in BTC from over $65,000 to under $53,000. On Monday, however, investors turned their view, resulting in $28.6 million in net inflows.
Friday’s Surge Boosts Weekly Inflows
The momentum continued to build, with Tuesday seeing an additional $117 million in inflows. Thursday also brought in a positive $39 million, but the most notable movement occurred on Friday, when net inflows reached $263.07 million as recorded by SoSoValue.
This was the highest single-day inflow since July 22, when the sector recorded $485.9 million. The strong finish to the week brought total inflows to $403.9 million, boosting Bitcoin's price, which surged by over 10% to reclaim the $60,000 level.
Mixed Results Among Top Bitcoin ETFs
Despite the overall positive trend, not all Bitcoin ETFs shared equally in the recovery. BlackRock's IBIT, the largest Bitcoin ETF by assets under management (AUM) with nearly $21 billion, saw no inflows during the week. In fact, it experienced a net outflow of $9.1 million on Monday, marking just the third time in its history that the fund had a day in the red.
In contrast, Fidelity's FBTC led the recovery, registering $28.6 million in inflows on Monday, $63.2 million on Tuesday, and over $102 million on Friday. Ark Invest’s ARKB also rebounded strongly by the end of the week, attracting $99.3 million in net inflows after a mid-week withdrawal of $54 million on Wednesday.
The post Bitcoin Spot ETFs Bounce Back with Over $400 Million in Net Inflows appeared first on Crypto News Land.
