Bitcoin ETFs see $28.6M inflows after 8-day outflow streak

United States-based spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of $28.6 million on Sept. 9 — breaking eight consecutive trading days of outflows.

BlackRock’s iShares Bitcoin Trust (IBIT) also saw its third-ever day of net outflows at $9.1 million, its smallest on record next to its biggest $36.9 million outflow on May. 1 and $13.5 million on Aug. 29 , Farside Investors data shows.

The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflow on the day at $28.6 million, while the Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) tallied respective inflows of $22 million and $6.8 million, 

The Invesco Galaxy Bitcoin ETF (BTCO) also recorded an inflow of $3.1 million.

Roughly $1.2 billion left the spot Bitcoin ( BTC ) ETFs in the trading days between Aug. 27 and Sept. 6 before the eight-day outflow streak broke on Sept. 9.

It followed a 5.35% Bitcoin rally to a high of $57,635 on Sept. 9 before cooling off to $56,682 at current prices, CoinGecko data shows.

BlackRock continues to lead all spot Bitcoin ETF issuers with $20.9 billion in total net inflows, while Fidelity and ARK 21Shares round out the top three at $9.45 billion and $2.28 billion, respectively.

Total net inflows across all currently amount to $16.93 billion, which includes over $20 billion in outflows from the Grayscale Bitcoin Trust (GBTC).

Ethereum ETFs still in the red

The US-issued spot Ether ( ETH ) ETFs saw $5.2 million in outflows on Sept. 9 — marking their seventh trading day without an inflow.

Similar to the spot Bitcoin ETFs, BlackRock and Fidelity’s Ether products led the pack with respective inflows of $1 billion and $405.4 million.

Bitwise’s fund came in third at $315.9 million, while the Grayscale Ethereum Trust (ETHE) has seen $2.69 billion in outflows.