Crypto
Bitcoin Spot ETFs See Record $731M Inflows Amid Price Rebound
US-based spot Bitcoin ETFs saw a significant surge in investment on September 3, recording $731 million in net inflows. This is the largest single-day inflow since January, according to recent data.
The influx of funds was led by BlackRock's iShares Bitcoin Trust (IBIT), which saw $454 million in inflows, followed closely by ARKB with $138 million and Fidelity's FBTC with $74 million. These investments pushed the combined assets under management for spot Bitcoin ETFs to a total of $103.34 billion, representing over 6% of Bitcoin's market cap.
The surge in investment coincided with a sharp rebound in Bitcoin prices and is seen as a reflection of renewed investor interest in the cryptocurrency after volatile flows earlier in the year.