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Benzinga

BlackRock's IBIT Leads a Surge in ETF Inflows - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

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BlackRock's IBIT Leads a Surge in ETF Inflows - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
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BlackRock’s Bitcoin ETF, IBIT, is leading a new wave of inflows as US investors rotate back into Bitcoin amid rising public debt and wavering enthusiasm for major AI stocks. The article cites Friday inflows of more than $117 million for IBIT, lifting total assets to over $62 billion. Fidelity’s FBTC followed with $57 million added and about $14 billion in assets. Combined, the funds added $770 million in assets during the month after gaining $3.52 billion in August, bringing total ETF assets under management to $101 billion. It also notes corporate accumulation, including Strategy’s 845,050 BTC and Strive’s 23,156 coins.

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