US-based Bitcoin spot exchange-traded funds saw their first daily inflows after eight consecutive days of outflows that wiped out more than $1.18 billion in total assets under management, signaling a potential shift in investor sentiment.
According to data from SoSoValue, 12 spot Bitcoin exchange-traded funds recorded $28.6 million in net inflows on September 9, breaking the previously recorded eight-day streak of outflows.
Fidelity’s FBTC led the way with reported inflows of $28.6 million, bringing the fund’s total inflows since inception to $9.45 billion. This comes after the fund experienced negative inflows over the past seven trading days.
Bitwise's BITB and 21Shares' ARKB followed with inflows of $22 million and $6.8 million, respectively. Meanwhile, Invesco's BTCO saw a more modest inflow of $3.1 million after three days of no trading activity.
This inflow was offset by Grayscale's GBTC, which recorded $22.8 million in outflows, bringing total outflows since launch to over $20 billion. Interestingly, BlackRock's IBIT, the largest spot BTC ETF by net assets, also saw $9.1 million in outflows on the day. The remaining six Bitcoin ETFs remained neutral.
Total trading volume of the 12 BTC ETFs fell to $1.61 billion on September 9, significantly lower than the $2.39 billion recorded the previous day. These funds have recorded a cumulative net inflow of $16.92 billion since inception. At the time of writing, Bitcoin was up 4.2% over the past day, trading at $56,915.
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