Spot Bitcoin ETFs traded in the US recorded strong capital inflows on Thursday, September 3rd. Market data showed a net daily inflow of approximately $730.8 million, with some market sources estimating total inflows at around $740 million. This figure represents the highest daily net inflow for spot Bitcoin ETFs in the past nine months.
According to the data, approximately 9,450 BTC flowed into ETFs in a single day. This brought the total net inflows to $55.9 billion, and the cumulative BTC position to approximately 699,000 BTC. The total net asset value of spot Bitcoin ETFs was recorded at $99.61 billion, while the daily trading volume reached $5.69 billion.
On a fund-by-fund basis, one of the strongest inflows of the day was recorded with BTC purchases amounting to approximately $631 million, while some ETFs saw limited outflows. Nevertheless, the overall picture remained significantly positive, indicating a renewed acceleration in institutional investor demand for Bitcoin.
*This is not investment advice.
Continue Reading: Bitcoin ETFs See Near Unprecedented Influx of Capital—Here’s What You Need to Know
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