U.S. Spot Bitcoin ETFs See Significant Inflows After Clarity Act Setback
- U.S. spot Bitcoin ETFs recorded $134.5 million in inflows on Friday, marking a seven-day streak totaling approximately $2.98 billion.
- The inflow streak began on September 17, following significant outflows of $746.3 million on September 15 and 16 due to the Clarity Act’s failure in the Senate.
- Year-to-date flows turned positive at $886.8 million through Thursday, rebounding from a $5.69 billion deficit in July.
- On September 21, funds saw their largest single-day inflow since October, taking in nearly $1 billion.
- Cumulative net inflows for Bitcoin ETFs now stand at $58 billion, with total net assets reaching $108.42 billion.
The recent surge in Bitcoin ETF inflows reflects renewed investor confidence following previous outflows triggered by legislative setbacks. The funds have not only recovered but have also surpassed previous losses significantly within a short period.
This turnaround highlights the resilience and growing institutional interest in Bitcoin, as evidenced by the substantial net inflows and asset growth this year compared to earlier deficits.(Source)
