Bitcoin ETF Inflows Surge Past $2.3 Billion Amid Price Rally
US spot Bitcoin exchange-traded funds (ETFs) continued their streak of strong inflows, attracting $714.7 million on Tuesday as Bitcoin's price rose toward $87,000.
The four-day inflow total now tops $2.3 billion, with BlackRock's iShares Bitcoin Trust leading the way with $350.3 million in net inflows. Fidelity's FBTC followed closely behind with $257.4 million, while Morgan Stanley's MSBT brought in $99 million.
VanEck's HODL added $2.4 million, ARK Invest and 21Shares' ARKB recorded $600,000, and Grayscale's Bitcoin Mini Trust brought in another $5 million. No net outflows were recorded among the funds.
The acceleration of inflows is notable, given that ETFs suffered approximately $450.4 million in outflows on September 15 and another $295.9 million on September 16 before flows abruptly reversed.