Bitcoin News
By Evie Vavasseur
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Outflows Hit VanEck and WisdomTree. VanEck's HODL ETF bled $19.6 million in net outflows on September 3. WisdomTree's BTCW lost $5.
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IBIT's Grip on the Market. BlackRock's dominance here probably isn't a surprise to anyone who's been watching this space.
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BlackRock's IBIT hauled in $454 million on September 3. That's 62% of the entire day's U.S. spot Bitcoin ETF net inflows, which landed at $730.8 million total.
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To put that in perspective: IBIT's number wasn't just big in isolation. It dwarfed what every other fund brought in combined, and the gap between IBIT and the next closest…
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VanEck's HODL ETF bled $19.6 million in net outflows on September 3. WisdomTree's BTCW lost $5.2 million. And Franklin's EZBC, Invesco Galaxy's BTCO, and CoinShares' BRRR?
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The outflows from HODL and BTCW aren't catastrophic on their own, but they do complicate the narrative. It's not a clean sweep for Bitcoin ETFs broadly.
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Bitcoin ETF adoption has grown sharply over the past couple of years, and daily flow figures have become one of the more closely watched data points for institutional and retail…
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Read also: Bitcoin ETFs Surge with $3.52 Billion in August as Price Soars 25%
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BlackRock's dominance here probably isn't a surprise to anyone who's been watching this space. IBIT has consistently attracted the bulk of inflows since U.S.
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But 62% of total daily inflows going to one fund is still a striking concentration. It means the other dozen-plus products are essentially splitting the remaining 38%.
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It's also worth noting that these figures can change. The numbers reported for September 3 are provisional.
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The broader context matters too. Days with this kind of total inflow volume don't happen every session.
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See also: IMF Approves $140 Million to El Salvador After Bitcoins Legal Status Revoked
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What's murkier is whether September 3 was a one-off or part of a sustained trend. The data is a snapshot, not a forecast.
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Grayscale's Bitcoin Mini Trust at $48.8 million and Bitwise's BITB at $24.8 million both had positive days, which at least shows the inflows weren't entirely concentrated at the…
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