Crypto
Bitcoin ETF Inflows Skyrocket as Tensions Ease and Macro Risks Subside
Bitcoin ETFs saw their largest daily inflow since January 14 as $731 million flowed in on September 3, coinciding with improved macro risk signals and reduced tensions between the US and Iran. BlackRock's IBIT led the charge with $454 million, accounting for over 60% of total inflows.
The cumulative net inflows reached $55.44 billion, with BlackRock's IBIT contributing $63.94 billion to that total. Other notable contributors included ARK Invest and 21Shares' ARKB, which saw $138 million in inflows, as well as Fidelity's FBTC, which received about $74 million.
Grayscale's two Bitcoin products added a combined $57 million, while VanEck's HODL lost nearly $20 million. The combined net assets across the funds rose to $103.34 billion.