$1.2 Billion Flows into US Crypto ETFs as Bitcoin Demand Holds Up
US crypto exchange-traded funds (ETFs) pulled in $1.2 billion in fresh capital during the week ended September 4, according to data compiled by Farside Investors.
The majority of this inflow went into Bitcoin products, which captured more than 80% of the total and took in a staggering $986.7 million over the five-day period.
This represents a 6.7% increase from the prior week's intake of $924.5 million, and is a testament to the continued interest in Bitcoin among US investors.
BlackRock's Bitcoin products dominated the weekly tally with $691.5 million in net inflows, including a massive $454 million on September 3 alone.
The combined cumulative net inflows into U.S. spot Bitcoin ETFs now stand at approximately $55.69 billion by the end of the week.