U.S. spot bitcoin ETFs extend net inflow run to $2.8 billion in six days

[DigitalToday reporter Jae-won Choi] U.S. spot bitcoin ETFs extended net inflows for a sixth consecutive session. The size of daily inflows fell for a third day, easing the intensity of institutional inflows.

Data from blockchain media outlet Cryptopolitan and SoSoValue on Sept. 25 (local time) show U.S. spot bitcoin ETFs recorded net inflows of about $191 million on Sept. 24. Cumulative net inflows over six sessions since Sept. 17 exceeded $2.8 billion. The Sept. 24 inflow was the smallest during the streak.

The pace of inflows slowed clearly. After hitting this year’s high of about $999 million on Sept. 21, inflows fell to $714.75 million on Sept. 22, about $347 million on Sept. 23 and about $191 million on Sept. 24. The Sept. 24 inflow was down about 81 percent from Sept. 21.

Inflows were concentrated in BlackRock’s iShares Bitcoin Trust (IBIT). IBIT drew $162.63 million on Sept. 24, accounting for most of the day’s net inflow. Fidelity’s FBTC took in $12.86 million and Morgan Stanley’s MSBT received $10.16 million. WisdomTree’s BTCW, however, saw about $4.02 million flow out, the only ETF to post net outflows that day. Net assets across the 12 ETFs were tallied at about $108.9 billion.

In the derivatives market, the possibility of expanding short positions was also raised. Brian Huang (브라이언 황), co-founder of Glider, explained, "Bitcoin futures open interest has recovered to May levels, and about $3.3 billion of that is in Hyperliquid’s bitcoin perpetual futures." He interpreted the combination of rising open interest and a negative basis as a sign that new short positions are building.