Bitcoin Holds near $76,612 after BTC Spot ETFs Take In $731 Million in a Day; XRP ETF Inflows Drop 83%

Bitcoin’s price (BTC-USD) is holding near $79,612 as U.S. spot Bitcoin ETFs recorded $731 million in net inflows on September 3, marking their largest single-day total since January 14. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $454 million of that total, followed by ARK’s ARKB (ARKB) with $138 million and Fidelity’s FBTC (FBTC) with $74 million. Over the week ending September 5, total spot Bitcoin ETF inflows reached $986.9 million, pushing a three-week streak to $3.8 billion.

In contrast, XRP spot ETFs saw weekly inflows drop 83% to $19 million, down from $110.5 million the prior week. Ethereum spot ETFs experienced a similar 74% decline, pulling in $218.4 million compared to $824.4 million previously. This shift could mean that investors are rotating funds into Bitcoin, even as both XRP and Ether funds maintained positive net flows without recording capital outflows.

BTC Price Is Hovering at $79,612

Alongside strong fund inflows, BTC’s price trades near $79,612 after briefly reaching an intraday high above $82,000. Chart analyst Sarala notes that Bitcoin is consolidating between $79,300 and $80,500 on the 4-hour chart, remaining close to its 9-day moving average near $79,860 and 21-day average near $80,004.