Bitcoin ETFs See $28.6M Inflows After 8-Day Outflow Streak, but BlackRock Records Rare Outflows

According to Cointelegraph: On September 9, U.S.-based spot Bitcoin exchange-traded funds (ETFs) experienced a significant rebound, with inflows totaling $28.6 million, marking an end to eight consecutive trading days of outflows. This resurgence in inflows came after a brief rally in Bitcoin prices, which hit $57,635 before settling around $56,682.However, BlackRock’s iShares Bitcoin Trust (IBIT) saw its third-ever day of net outflows, losing $9.1 million. Despite this, Fidelity's Wise Origin Bitcoin Fund (FBTC) led the day with the largest inflows of $28.6 million. Other notable ETFs include Bitwise Bitcoin ETF (BITB), which saw $22 million in inflows, and the ARK 21Shares Bitcoin ETF (ARKB) with $6.8 million. Invesco Galaxy Bitcoin ETF (BTCO) also recorded a smaller inflow of $3.1 million.Flows for the US spot Bitcoin ETFs on Sept. 9 (Green). Source: Farside InvestorsDespite the brief outflow streak, BlackRock remains the leading Bitcoin ETF issuer, with total net inflows of $20.9 billion, followed by Fidelity at $9.45 billion and ARK 21Shares at $2.28 billion. The overall inflows for all Bitcoin ETFs stand at $16.93 billion, with more than $20 billion in outflows from the Grayscale Bitcoin Trust (GBTC) over the same period. Bitcoin’s change in price since Sept. 8. Source: CoinGeckoEthereum ETFs Continue to Struggle Meanwhile, U.S.-based spot Ether (ETH) ETFs continued their decline, with $5.2 million in outflows on September 9, marking seven consecutive trading days without any inflows. BlackRock and Fidelity led the Ether ETF space with inflows of $1 billion and $405.4 million, respectively, while Bitwise’s Ether ETF followed at $315.9 million. Despite these figures, the Grayscale Ethereum Trust (ETHE) saw $2.69 billion in outflows, reflecting ongoing challenges for Ether ETFs.The return to inflows for Bitcoin ETFs signals a renewed interest in the asset class, while Ethereum ETFs continue to face headwinds amidst a broader market correction.