Bitcoin ETFs Rebound with $101M Inflows as BTC Nears $78K

Bitcoin spot exchange-traded funds (ETFs) rebounded on September 2 after seeing $101.1 million in net inflows, as the cryptocurrency recovered from an intraday decline and climbed back above $77,700.

This marks a significant reversal from September 1's combined net outflows of $236.5 million, indicating that institutional demand remained resilient despite the start-of-month selloff.

BlackRock's IBIT led the recovery with $115.4 million in net inflows, followed by Bitwise's BITB adding $4.2 million and MSBT attracting another $7.3 million.

Grayscale's lower-fee BTC fund also posted $30.4 million in inflows, although this was partially offset by $56.2 million leaving Grayscale's flagship GBTC.