BlackRock Bitcoin ETF posts September's biggest daily inflow of over $180M

The world’s biggest plus manager, BlackRock, attracted $184.4 cardinal successful inflows connected Sept. 25 for its spot Bitcoin exchange-traded money (ETF), marking nan month’s highest regular inflow of immoderate fund.

The Bitwise Bitcoin ETF (BITB) was nan only different money to spot inflows connected Sept. 25, pulling successful $2.1 million, while Fidelity Wise Bitcoin Origin Fund and Ark 21Shares Bitcoin ETF (ARKB) had outflows of $33.2 cardinal and $47.4 million, respectively, according to Farside data.

September is typically considered bearish for Bitcoin (BTC).

BlackRock posts largest regular inflow successful September

So far, BlackRock’s iShares Bitcoin Trust (IBIT) has led September pinch nan largest regular inflow astatine $184.4 million, while FBTC and ARKB way down pinch $102.1 cardinal and $99.3 cardinal connected Sept. 13, respectively.

The full cumulative spot Bitcoin ETF inflow since launching successful January is $17.94 billion. Source: Farside

For a 5th consecutive day, full cumulative flows into spot Bitcoin ETFs were positive, amounting to $496.7 cardinal complete nan period.

The streak follows nan Federal Reserve’s much-anticipated decision to instrumentality a 50 ground constituent complaint cut, a move nan crypto industry had been eyeing passim 2024. Following nan Sept. 18 decision, Bitcoin reclaimed $60,000, a level it hadn’t seen since Aug. 30.

Related: Bitcoin ETF trading measurement tops $1B amid crypto clang — Galaxy

In a Sept. 26 post connected X, CryptoQuant laminitis and CEO Ki Young Ju opined that nan expanding request for spot Bitcoin ETFs is simply a important logic why nan US is “regaining power successful Bitcoin holdings,” compared pinch nan remainder of nan world.

BlackRock amends norm pinch ETF custodian Coinbase

On Sept. 23, Cointelegraph reported that BlackRock filed for an amendment for its Bitcoin ETF pursuing wide investor concerns complete ETF custodian Coinbase’s onchain colony practices.

BlackRock’s amendment requires Bitcoin withdrawals wrong 12 hours from Coinbase. 

Increasingly, investors person been asking Coinbase to supply onchain impervious of nan Bitcoin bought connected behalf of nan spot ETFs.

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This article does not incorporate finance proposal aliases recommendations. Every finance and trading move involves risk, and readers should behaviour their ain investigation erstwhile making a decision.