Bitcoin ETFs saw renewed inflows, boosting Bitcoin’s price above $60K, despite short-lived gains for BlackRock’s IBIT.
ETF market recently shifted from a consistent streak of outflows to days of renewed inflows, a trend that began on the 12th of September.BlackRock’s iShares Bitcoin Trust drew significant attention, having experienced zero activity for weeks.
According to Farside Investors, this contributed to a combined net inflow of $12.8 million for U.S. spot BTC ETFs.On the 17th of September, several major Bitcoin ETFs experienced notable inflows, signaling renewed investor interest. VanEck’s HODL saw more modest inflows of $20.5 million, while Invesco’s BTCO recorded $10.2 million, Franklin’s EZBC recorded $8.7, and“That’s a significant increase in Bitcoin holdings by U.S. ETFs, signaling strong institutional confidence.”
This underscores the community’s continued confidence in BTC ETFs, even in the face of zero flows from prominent players like BlackRock and Grayscale.
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