#BlackRock #BitcoinETFs! posts September's biggest daily inflow of over $180M.
BlackRock's Bitcoin ETF saw the highest daily inflow of any fund this month on Sept. 25, amid a wider five-day inflow streak across all spot Bitcoin ETFs in the United States. 🇺🇸
The world’s biggest asset manager, BlackRock, attracted $184.4 million in inflows on Sept. 25 for its spot Bitcoin exchange-traded fund (ETF), marking the month’s highest daily inflow of any fund.
The #Bitwise Bitcoin ETF (BITB) was the only other fund to see inflows on Sept. 25, pulling in $2.1 million, while Fidelity Wise Bitcoin Origin Fund and Ark 21Shares Bitcoin ETF (ARKB) had outflows of $33.2 million and $47.4 million, respectively, according to Farside data.
September is typically considered bearish for Bitcoin.
BlackRock posts largest daily inflow in September.⏰
So far, BlackRock’s iShares Bitcoin Trust (IBIT) has led September with the largest daily inflow at $184.4 million, while FBTC and ARKB trail behind with $102.1 million and $99.3 million on Sept. 13, respectively.
For a fifth consecutive day, total cumulative flows into spot Bitcoin ETFs were positive, amounting to $496.7 million over the period.
The streak follows the Federal Reserve’s much-anticipated decision to implement a 50 basis point rate cut, a move the crypto industry had been eyeing throughout 2024. Following the Sept. 18 decision, Bitcoin reclaimed $60,000, a level it hadn’t seen since Aug. 30.
