Bitcoin ETF inflows slow to $191M as six-day streak reaches $2.8B
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
US spot Bitcoin ETFs received $191 million in net inflows on Thursday, marking a slowdown to the third consecutive day of reduced daily inflows. This brought the total inflows over six sessions to more than $2.8 billion, pushing the year-to-date net inflows to approximately $787 million. BlackRock’s iShares Bitcoin Trust (IBIT) was responsible for about $163 million of Thursday’s inflows.
Why it matters
The continued inflows, despite recent slowing, indicate growing institutional interest in US spot Bitcoin ETFs, which have reversed a significant deficit earlier in the year. The source implies these flows could reflect shifts in investor behavior but does not explicitly analyze broader market or policy impacts.
Key context
Daily inflows peaked at $999 million on Monday before declining over the next three days as Bitcoin’s price fell from above $87,000. September inflows have reached $2.56 billion so far, contributing to a rebound from a $5.5 billion deficit at June’s end. BlackRock’s IBIT has accounted for nearly half of the combined fund inflows during this period.
Key numbers and entities
US spot Bitcoin ETFs, $191 million inflow on Thursday; $2.8 billion total over six sessions; $787 million year-to-date net inflows; $999 million peak inflows on Monday; $87,000 Bitcoin peak price; BlackRock’s iShares Bitcoin Trust (IBIT), $163 million on Thursday and $1.35 billion during streak; Bitcoin traded at $83,807 at publication.
What remains unclear
The source does not explain the reasons behind the recent slowing in inflows or the potential longer-term implications for Bitcoin prices and ETF adoption. It also does not provide insight into investor profiles or regulatory factors influencing these flows.