US-listed spot Bitcoin ETFs recorded approximately $106 million in combined net inflows during the September 2024 session covered here. IBIT attracted about $184 million while outflows from other funds reduced the overall total.
Other funds saw mixed results. Bitwise’s Bitcoin ETF (BITB) recorded a modest $2 million in inflows, while some ETFs faced significant outflows. Fidelity’s Bitcoin Fund (FBTC) lost $33 million, and ARK Invest’s Bitcoin ETF (ARKB) reported $47 million in withdrawals. Grayscale’s Bitcoin Trust (GBTC), which transitioned to an ETF, continues to struggle with no new inflows and has seen over $20 billion in withdrawals to date.
The combined figure needs to be distinguished from the result for any one fund. Positive IBIT inflows can coexist with a smaller total when other products record redemptions.
As the crypto sector remains volatile, these developments highlight growing institutional participation in Bitcoin-focused financial products, with BlackRock solidifying its dominance in the space.
These were US-listed investment products. Access elsewhere depended on the investor’s jurisdiction, broker and applicable restrictions.
