Crypto
Bitcoin ETFs See Modest Net Inflow After Prior Day's Redemption
On September 2, U.S. spot Bitcoin ETFs saw a significant turnaround in investor sentiment, posting a combined net inflow of $101.15 million after a prior session's net outflow of $236.5 million.
This marked a reversal of fortunes for the spot Bitcoin ETF complex, which had experienced a large redemption day led by BlackRock's IBIT with a net inflow of $115.45 million. Bitwise's BITB added $4.19 million and Morgan Stanley's MSBT contributed $7.3 million to the total.
Grayscale's GBTC, however, posted a net outflow of $56.21 million, a stark contrast to the inflows seen in other Bitcoin ETFs.
The August performance saw roughly $3.52 billion of Bitcoin ETF inflows, indicating a sustained interest in these investment products.