Bitcoin News
By Jean-Luc Maracon
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BlackRock and Fidelity Running the Show. On September 4 alone, Bitcoin ETFs pulled $174.6 million.
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Bitcoin's Price Dip Didn't Stop the Buying. Here's the part that's interesting. Bitcoin's price slid during this same stretch — from around…
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Ethereum and XRP ETFs Hit a Wall. While Bitcoin ETFs were pulling in nearly a billion dollars a week, Ethereum and XRP products hit…
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Bitcoin ETFs just had their best three-week run of the year. A total of $3.8 billion poured into these products over the past three weeks, and the momentum isn't slowing down much.
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The most recent week — ending September 4 — brought in $986.9 million on its own. That's up nearly 7% from the prior week's $924 million, which itself followed a massive $1.
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Per data from SoSoValue, the deficit has shrunk fast — but it hasn't disappeared.
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On September 4 alone, Bitcoin ETFs pulled $174.6 million. Not the biggest day — the session before had clocked $730.
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That's pretty much been the pattern lately. When you zoom out to cumulative figures, IBIT has now pulled over $64 billion in total inflows since it launched.
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That kind of concentration matters. It means the daily ETF number is essentially a BlackRock-and-Fidelity story, and when either one has a slow session, the whole category feels…
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Here's the part that's interesting. Bitcoin's price slid during this same stretch — from around $81,200 down to below $79,000 before steadying near $79,700. Prices fell.
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It probably means some buyers saw the dip as an entry point rather than a warning sign. Whether that's right or wrong is unclear — a price drop doesn't guarantee a bounce, and…
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Related: BlackRock’s IBIT Dominates Bitcoin ETF Inflows, Snagging $454 Million in One Day
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The effect on total assets under management was still painful, though. Between Thursday and Friday of that same week, the total valuation of assets held across Bitcoin ETFs…
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Ethereum ETFs brought in $218.4 million for the week. Sounds okay until you see the week before: $824.4 million. That's a 74% drop in a single week. XRP ETFs went from $110.
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So where did that capital go? Probably Bitcoin. The divergence is too clean to ignore. As Ethereum and XRP inflows cratered, Bitcoin ETFs were posting their best three-week run…
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