Bitcoin ETFs Enjoy Eighth Consecutive Day of Inflows
Spot Bitcoin ETFs continued their streak of positive inflows on September 28, when they attracted $31.07 million in net inflows. This marks the eighth consecutive session of inflows for these funds.
The cumulative net inflows reached a significant milestone: $57.58 billion. Blackrock's IBIT led individual funds with daily inflows of $54.84 million, bringing its cumulative net inflows to $65.34 billion.
Grayscale's Bitcoin Mini Trust ETF (BTC) recorded the second-highest inflow at $10.32 million, increasing its cumulative net inflows to $2.96 billion. However, Grayscale's GBTC posted an outflow of $23.19 million, with cumulative net outflows reaching $27.87 billion.
The funds currently hold $107.82 billion in combined net assets, which is equivalent to 6.42% of Bitcoin's total market value.