BlackRock’s Bitcoin Spot ETF Sees First Net Inflow in Over 3 Weeks

BlackRock Bitcoin Cash FNB (exchange-traded fund) yesterday recorded its first net inflow since August 26, after $15.8 million was added to the fund’s reserves.

Prior to yesterday’s net inflows, BlackRock’s IBIT had recorded 11 consecutive days of zero outflows. It also recorded two days of net outflows, on August 29 and September 9, of $13.5 million and $9.1 million respectively, according to data from Farside Investors.

BlackRock’s Bitcoin ETF Isn’t the Only Fund Seeing Net Inflows

Alongside IBIT’s net inflows yesterday, Fidelity’s FBTC, Franklin’s EZBC, VanEck’s HODL, and Grayscale’s BTC also saw capital flow into their reserves yesterday.

FBTC saw $5.1 million in net inflows, EZBC saw $5 million, and HODL saw $4.9 million. Investors also pumped $2.8 million into Grayscale’s BTC.

Bitcoin ETF Flows (in millions of US dollars) – 09/16/2024

TOTAL NET FLOW: 12.8

IBIT: 15.8
FBTC: 5.1
BITB: 0
ARKB: 0
BTC: 0
EZBC: 5
BRRR: 0
HOLDER: 4.9
By the way: 0
GBTC: -20.8
Bitcoin: 2.8

For all data and disclaimers visit:

— Farside Investors (@FarsideUK) September 17, 2024

Overall, the newly launched American spot Bitcoin ETFs saw net inflows of $12.8 million yesterday. Following yesterday’s net inflows, funds are now on a 3-day streak of positive net flows.

This comes after U.S. spot Bitcoin ETFs saw net inflows of $263.2 million on September 13 and $39 million the day before.

Grayscale’s Converted Fund Continues to Bleed

Yesterday’s total inflows were offset by the $20.8 million that left Grayscale’s GBTC fund. While GBTC was able to end its negative flow streak with a surprising $6.7 million net inflow on September 13, the fund has lost over $20 billion since converting to a spot Bitcoin ETF in January of this year.

On the other hand, BlackRock’s IBIT has been the preferred choice for spot Bitcoin ETF investors and has raised over $20.9 billion since its launch.

Fidelity’s FBTC ranks second with a total of $9.647 billion in inflows. The fund owned by Ark and 21Shares comes in third with reserves of over $2.35 billion.

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