BlackRock Dominates Bitcoin ETF Inflows Ahead of Fed Meeting
US Bitcoin exchange-traded funds (ETFs) saw a return to inflows on September 14, but this recovery was largely driven by BlackRock and Fidelity.
The net inflows totaled $159.9 million, erasing only about 35% of the losses from the previous four sessions that had removed $462.7 million from the market.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for $134.3 million of these inflows, while Fidelity's Wise Origin Bitcoin Fund (FBTC) added $53.3 million. Together, they attracted $187.6 million, more than the overall net total due to selling elsewhere offsetting part of the demand.
However, not all funds fared as well, with the ARK 21Shares Bitcoin ETF (ARKB) recording $42 million in outflows and Franklin Templeton's EZBC adding just $4.6 million.