US spot Bitcoin ETFs draw $347M, fifth straight day of inflows
- —US spot Bitcoin ETFs took in $347 million in net inflows on September 23
- —BlackRock's IBIT led with $166 million; cumulative inflows hit $65.02 billion
- —Fidelity's FBTC added $143 million, bringing its lifetime inflows to $11 billion
- —Total ETF net assets stand at $108.66 billion, equal to 6.42% of Bitcoin's market cap
Why it matters: A fifth straight day of inflows signals that institutional demand for Bitcoin exposure via ETFs is recovering.
Source: PANews