Record-Breaking ETF Inflow Pushes Bitcoin Prices Over $82,000
On September 3, US spot Bitcoin ETFs pulled in $730.9 million in a single day, marking the largest haul since January 14. This influx of funds is part of a four-day net inflow total of $770 million from September 1 to September 4, following an initial outflow of $236.5 million on September 1.
BlackRock's IBIT led the charge with $454 million in inflows on September 3, holding over $62.88 billion in cumulative net inflows and providing the tightest bid-ask spreads. Other notable performers include ARK 21Shares' ARKB with $137.7 million and Fidelity's FBTC with $74.4 million.
BTCW, managed by WisdomTree, saw a contrasting $5.2 million in outflows during this surge, standing at $166,276,170 in assets as of September 14. The institutions managing BTCW liquidity include Flow Traders and Authorized Participants such as BNP Paribas and Morgan Stanley.