Bitcoin ETF Rebounds with $101M Inflows as Ethereum and XRP End Positive Streaks

A turnaround is underway in the world of cryptocurrency exchange-traded funds (ETFs). After a day of outflows, Bitcoin ETFs rebounded by attracting $101.15 million on September 2nd. This amount only made up 43% of the $236.5 million withdrawn the previous day.

BlackRock played a key role in this turnaround, with its IBIT ETF attracting $115.45 million, exceeding the net flow of the entire category. However, Grayscale's GBTC recorded outflows of $56.21 million, reducing the overall result.

Ethereum and XRP ETFs ended positive streaks that had captured $1.62 billion and $170 million respectively. Solana products also closed the session in the red, with a total of $6.13 million in outflows.