Crypto
Bitcoin ETFs Snap Back with $101M Inflows as Altcoins Face Outflows
US spot Bitcoin ETFs saw significant net inflows on September 2, totaling $101.15 million, after experiencing a $236.5 million outflow the previous day.
This reversal makes it clear that institutional capital is gravitating back towards Bitcoin specifically, rather than digital assets broadly.
The dominant force behind these inflows was BlackRock's IBIT, which attracted $115.45 million on its own, accounting for more than half of the day's net total.
Grayscale's Bitcoin Mini Trust added $30.42 million, while Morgan Stanley's MSBT contributed $7.3 million, and Bitwise's BITB added a modest $4.19 million.
In contrast, Grayscale's legacy GBTC fund hemorrhaged $56.21 million, as investors continue to rotate into lower-fee alternatives.