Crypto
US Spot Bitcoin ETFs Log Eighth Consecutive Session of Net Inflows
US spot Bitcoin exchange-traded funds (ETFs) have seen net inflows for eight consecutive trading sessions, according to data from Farside Investors. The combined total of these inflows reached $31 million on September 28.
The BlackRock-issued IBIT ETF led the pack with a significant $54.8 million in inflows. Grayscale's Mini BTC also recorded $10.3 million in net inflows. In contrast, GBTC and FBTC from Grayscale and Fidelity saw outflows of $23.2 million and $10.9 million respectively.
The trend is likely to be watched closely by investors as it may signal growing confidence in the asset class. However, the source does not provide any further analysis or predictions on this development.