BlackRock’s Bitcoin Trust Faces Outflows, While Other Bitcoin ETFs See Inflows

On September 9, BlackRock’s iShares Bitcoin Trust (IBIT) experienced $9 million in net outflows, marking its third consecutive day of withdrawals since its debut in January.

However, net flows into US spot Bitcoin ETFs saw a positive reversal, ending an eight-day streak of outflows, per recent data.

The IBIT outflow on Monday followed a similar withdrawal on August 29 and a short period of no activity in early September. Despite this, the fund has generally seen steady inflows, amassing nearly $21 billion and holding over 350,000 Bitcoin. The first significant outflow occurred on May 1, when $37 million was withdrawn.

On the same day, the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted over $28 million, bringing its total net inflows to nearly $9.5 billion after eight months. Additionally, the Bitwise Bitcoin ETF (BITB) garnered $22 million, and the ARK 21Shares Bitcoin ETF (ARKB) saw about $7 million in net capital, with the Invesco Galaxy Bitcoin ETF (BTCO) gaining around $3 million.

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Conversely, the Grayscale Bitcoin Trust (GBTC) lost nearly $23 million on Monday, continuing a trend of asset reduction. Since converting to an ETF, GBTC has seen $20 billion in outflows, shrinking its assets from over 620,000 Bitcoin to roughly 222,700 Bitcoin, a 60% decrease.

Overall, US spot Bitcoin ETFs recorded over $28 million in net inflows on Monday.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.