Bitcoin ETFs See Largest Single-Day Inflow in Nearly Eight Months

Bitcoin ETFs have seen their strongest single-day inflows in nearly eight months, totaling $731 million on September 3. This surge pushed the funds to a third consecutive week of net inflows, with the weekly total reaching $986.9 million.

The dominance of BlackRock's iShares Bitcoin Trust (IBIT) was evident, capturing $454 million, or roughly 62 percent of the total daily inflows. ARK Invest's ARKB followed with $138 million, while Fidelity's Wise Origin Bitcoin Fund (FBTC) added $74 million.

Despite this momentum, Bitcoin ETFs remain roughly $1 billion negative for the year-to-date period. Meanwhile, XRP and Ether fund inflows cooled sharply, dropping 83 percent and 74 percent respectively, signaling a rotation back towards Bitcoin.