Bitcoin ETFs Soar to $54.78 Billion as Ether, Solana, and XRP Funds Take Hit
U.S.-listed spot crypto ETFs diverged sharply on September 2 as Bitcoin returned to positive territory with $101.1 million of net inflows while Ether, Solana and XRP funds simultaneously recorded withdrawals.
BlackRock's IBIT drove the Bitcoin recovery, attracting $115.4 million after losing $201.2 million one session earlier. Grayscale's Bitcoin Mini Trust added $30.4 million, Morgan Stanley's MSBT received $7.3 million and Bitwise's BITB brought in another $4.2 million.
Those purchases outweighed $56.2 million of redemptions from Grayscale's GBTC.
The result lifted cumulative net inflows into U.S. spot Bitcoin ETFs to approximately $54.78 billion. Bitcoin's turnaround came after the category lost $236.5 million on September 1, meaning the funds have recovered roughly 43% of the previous session's withdrawals.