Crypto
$160M Flows Back into U.S. Spot Bitcoin ETFs After Multi-Day Outflows
U.S. spot Bitcoin exchange-traded funds (ETFs) reversed their multi-day outflow trend, posting $159.9 million in net inflows on September 14, according to data from Farside Investors.
The rebound was led by BlackRock's iShares Bitcoin Trust (IBIT), which saw $134.3 million in net inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) at $53.3 million.
However, ARK 21Shares Bitcoin ETF (ARKB) bucked the trend with $42.0 million in net outflows on the same day.
This inflow is significant as it follows four consecutive days of outflows from September 8 to 11, with the heaviest day being September 10 at $282.7 million, largely attributed to ARKB's $164.3 million in outflows.