Crypto
BlackRock Dominates Rebound in US Bitcoin ETF Inflows After One-Session Reversal
BlackRock's dominance in the US Bitcoin ETF market continues as it led a rebound of $217 million in inflows on Monday, August 31. This comes after a one-session reversal where investors withdrew $201.8 million from these funds.
The influx is attributed to BlackRock's iShares Bitcoin Trust ETF (IBIT), which drew $205.9 million, accounting for approximately 95% of the net inflows across US spot Bitcoin ETFs. Grayscale's Bitcoin Mini Trust recorded $9.4 million in inflows, while Fidelity's Wise Origin Bitcoin Fund (FBTC) attracted $6.9 million.
On the other hand, VanEck's Bitcoin ETF (HODL) was the only fund to report net outflows with a loss of $13.4 million. The remaining funds saw no inflows or outflows.