BlackRock Leads Another $347M Inflow into Bitcoin ETFs

Despite Bitcoin's recent dip below $84,000, exchange-traded funds (ETFs) tied to the cryptocurrency are continuing their impressive streak of inflows. On September 23rd, US spot ETFs added another $347 million in fresh capital.

BlackRock's iShares Bitcoin Trust (IBIT) led the session with roughly $166 million in net inflows, accounting for nearly half of all the new money entering U.S. spot Bitcoin ETFs that day.

This is part of a larger trend where US spot cryptocurrency ETF categories have logged five consecutive trading sessions of net inflows, totaling around $452 million combined, or nearly 48% of that amount.