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BlackRock's IBIT Sees First Daily Net Inflow in Three Weeks

Sep 17, 2024
  1. Positive Inflows for IBIT
  2. Inflows for Other ETFs
  3. Market Overview

BlackRock's IBIT saw its first daily net inflow since August 26 yesterday, bringing in a total of $15.8 million.

Positive Inflows for IBIT

After a three-week streak of zero flows, which included 11 trading days of no flows and two days of net outflows on August 29 and September 9, BlackRock's IBIT finally achieved a positive inflow of $15.8 million.

Inflows for Other ETFs

According to CoinGlass data, other ETFs also saw inflows on Monday: Fidelity's FBTC received $5.1 million, Franklin Templeton's EZBC took in $5 million, and VanEck's HODL gained $4.9 million.

Market Overview

Despite the recent drought in inflows, BlackRock's IBIT continues to dominate the spot Bitcoin ETF market with $20.9 billion in net inflows since January. In second place is Fidelity's FBTC with $9.6 billion in net inflows, while Grayscale's GBTC has seen net outflows exceeding $20 billion.

BlackRock remains a leading player in the Bitcoin ETF market, demonstrating strong inflows despite temporary challenges.

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