BlackRock, Fidelity and Morgan Stanley pour $1.047B into Bitcoin ETFs in a day
- —IBIT by BlackRock drew $527M, FBTC by Fidelity $390M and MSBT by Morgan Stanley $130M
- —Combined BlackRock and Fidelity flows rose to $917M from $592M on September 21, up about 55%
- —Largest daily inflow since late June even as BTC fell from $87,300 to $84,000
- —US Bitcoin funds have pulled in about $4.6B over the month, erasing the year-to-date deficit
Why it matters: Institutional ETF demand is holding up despite weak price momentum, cushioning Bitcoin on pullbacks.
Source: BeInCrypto RU