Bitcoin ETFs Rebound With $101M Inflows as BTC Approaches $78K
US spot Bitcoin exchange-traded funds (ETFs) rebounded strongly on September 2, recording $101.1 million in net inflows as Bitcoin recovered from an intraday decline and climbed back above $77,700.
The latest flows marked a sharp reversal from the previous day's combined net outflows of $236.5 million. Although the new buying did not fully offset those losses, it suggests institutional demand remained resilient after the start-of-month selloff.
BlackRock's IBIT led the recovery with $115.4 million in net inflows, followed by Bitwise's BITB and MSBT, which added $4.2 million and $7.3 million respectively. Grayscale's lower-fee BTC fund also posted $30.4 million in inflows, but those gains were partially offset by $56.2 million leaving Grayscale's flagship GBTC.
Bitcoin was trading at approximately $77,759 early Thursday, up 0.25% over the previous 24 hours. The cryptocurrency experienced more volatility beneath the relatively modest daily gain, falling toward the mid-$76,000 range earlier in the session before recovering above $77,000 and subsequently pushing toward $78,000.