IBIT Sees $1.08 Billion Inflow Over 20 Days

BlackRock's iShares Bitcoin Trust (IBIT) has seen a net inflow of $1.08 billion over the past 20 days. This increase is interpreted as a result of inflows from ETF investors rather than direct purchases of Bitcoin by BlackRock. The trading day on which funds entered IBIT was the 7th, while Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $254.7 million. On September 3, IBIT's daily net inflow was $454 million, and the total net inflow for all U.S. spot Bitcoin ETFs on the same day was $730.8 million. As of September 10, IBIT's net assets stood at $60.5916 billion, with a management fee of 0.25%. IBIT is described as a product that reduces the burden of direct custody while being exposed to Bitcoin price fluctuations. According to Arkham Intelligence, IBIT recorded a continuous net inflow for six trading days starting August 25, with inflows exceeding $1.5 billion. The holdings of IBIT are estimated at approximately 785,900 BTC, while external aggregation site Bitbo reported the holdings as 785,771.2 BTC on September 8. The fund flows of IBIT and GBTC show contrasting patterns, and the inflow into IBIT is interpreted as a signal of increased institutional accessibility to Bitcoin.

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