Bitcoin ETF inflows are back, but BlackRock is carrying the market into the Fed meeting

US spot Bitcoin exchange-traded funds returned to inflows on Sept. 14, though the rebound remained heavily concentrated in BlackRock and Fidelity.

The funds pulled in a net $159.9 million, ending four consecutive sessions of withdrawals that had removed $462.7 million from the market, according to Farside Investors data. The one-day recovery erased only about 35% of those losses, leaving the products with roughly $302.8 million of net outflows across the five sessions through Sept. 14.

BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $134.3 million of Monday’s inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $53.3 million. Together, the two products attracted $187.6 million, more than the market’s overall net total because selling elsewhere offset part of the demand.

The ARK 21Shares Bitcoin ETF (ARKB) recorded $42 million of outflows, while Franklin Templeton’s EZBC added $4.6 million and Morgan Stanley’s MSBT took in $9.7 million. Most other funds reported no net movement.

The concentration around IBIT is consistent with a longer trend.

Blockchain data from Arkham Intelligence show the BlackRock fund added about $1.08 billion worth of Bitcoin over the past 20 days, with positive flows on seven of those sessions. Over the same period, Grayscale’s GBTC reduced its Bitcoin holdings by about $254.7 million.