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BlackRock's Bitcoin ETF Drives $159M Inflow Amid ETH Outflows

Guavy AI Editorial Team
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BTC ETH
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Bitcoin spot ETFs saw significant inflows on September 17, recording $159 million in net inflows. This was driven entirely by BlackRock's IBIT, which was the only Bitcoin ETF to report net inflows for the day.

The figures indicate that capital is still moving into BlackRock's Bitcoin product, even as other funds fail to attract fresh investment. The concentration of demand on a single product can be an important indicator of where investor interest lies.

In contrast, Ethereum spot ETFs continued to face redemptions, recording approximately $39.24 million in total net outflows. This extends the category's net outflow streak to three consecutive trading days.

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