Bitcoin ETFs Swing Back to Inflows With Over $100M Haul
US spot Bitcoin ETFs have rebounded from significant outflows in the previous trading day. According to data from Trader T, on September 3, US spot Bitcoin exchange-traded funds recorded combined net inflows of $101.15 million.
This sudden shift comes after the funds experienced more than $200 million in net outflows just one trading day prior. The influx of funds is largely attributed to BlackRock's IBIT, which led overall inflows with a substantial $115.45 million in net subscriptions.
Other notable contributors to the inflows include Grayscale's Mini Bitcoin Trust, Morgan Stanley's MSBT, and Bitwise's BITB, each drawing $30.42 million, $7.3 million, and $4.19 million respectively.
In contrast, Grayscale's GBTC was the only fund to post net outflows, with a notable $56.21 million leaving the product.