BlackRock’s iShares Bitcoin Trust recently saw its first net inflow in 14 days, amounting to $15.8 million, ending a streak of flat or net outflows for 13 consecutive days. The iShares fund has been relatively stable despite the overall outflow of funds facing Bitcoin ETFs since August 27, with a total loss of $770 million. In addition, the price of Bitcoin has begun to rebound after the decline in August and early September, rising back to $60,000 again.

Key Points

- BlackRock’s iShares Bitcoin Trust saw its first net inflow in 14 days.

- U.S. spot Bitcoin ETFs have lost a total of $770 million since August 27.

- The iShares fund ended 13 days of flat or negative flows.

- Bitcoin prices fluctuated sharply in late August and early September.

- Global market trends and interest rate uncertainty affected fund flows.

- Bitcoin prices have recovered from their lows to $60,000.