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Thursdays surge was followed by a second consecutive day of inflows into ETFs, though all recorded funds were concentrated solely in IBIT and FBTC. Illustration: Bitcoin Almanack.

Next session: On September 4, U.S. spot Bitcoin ETFs posted a net inflow of $174.6 million. This is 76% less than the previous surge of $730.8 million, but the funds positive streak continued despite Bitcoin remaining below the $80,000 mark.

Institutional interest in Bitcoin slowed significantly on Friday, though it did not alter the overall trend. A table from Farside Investors on U.S. spot Bitcoin ETFs shows a net inflow of $174.6 million on September 4, following $730.8 million in the previous session.

Only two funds accounted for this total amount. BlackRocks IBIT fund attracted $117.4 million, while Fidelitys FBTC fund attracted $57.2 million. The figures for the other listed funds remained unchanged. The sum of these two figures exactly equals the total of $174.6 million, with IBIT accounting for about 67% .

The decline compared to the previous day was significant: inflows on Friday were $556.2 million less than on Thursday, which is approximately 76.1% lower. This comparison reflects the rate of new capital inflows, not their direction. Even a smaller positive number still indicates a net inflow.

In total, the sessions on September 3 and 4 attracted $905.4 million. If we extend the period to September 1, the volatility becomes even clearer: an outflow of $236.5 million was followed by inflows of $101.1 million, $730.8 million, and $174.6 million. Over these four sessions, the funds attracted a net total of $770.0 million.

This sequence raises a question addressed in the September 1 Bitcoin Almanack report on the trend reversal. The outflow was real, but it did not develop into a sustained withdrawal of funds. Capital returned the very next day, with inflows accelerating sharply on Thursday and remaining positive on Friday.

$117.4 million, accounting for about 67% of the total volume recorded on Friday. , detected_source_language : EN

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$57.2 million, while the figures for all other exchange-traded funds remained unchanged.

The timing is crucial. Thursdays trading session, with a volume of $730.

8 million, took place against the backdrop of Bitcoins recovery above the $80,000 mark and easing expectations of rate hikes following comments by Federal Reserve Board member Christopher Waller. On Friday, labor market data was released that came in significantly better than expected, leading to a rise in Treasury yields and a resurgence of expectations for a rate hike in September.

Following the release of the report, Bitcoin fell below the $80,000 mark. Nevertheless, the sessions results for ETFs remained positive. This does not prove that institutional investors were intentionally buying assets on the dipdaily flow data cannot reveal the motives of every investor but it does show that the shock from the jobs report did not lead to an immediate, widespread exit from ETFs.

This result adds a new dimension to the analysis of the jobs report and the $731 million in ETF flows. Thursdays buying and Fridays macroeconomic reaction followed different patterns. The ETF session that ended on Friday now shows that demand from regulated funds persistedalbeit at a slower pacefollowing the economic surprise.

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The positive aggregate figure for the group may appear more significant than it actually is. On September 4, IBIT and FBTC accounted for all of the reported inflows, while the figures for ARKB, BITB, GBTC, BTC, and other listed funds remained unchanged. Thus, the result confirms the presence of demand in the two largest channels, rather than market-wide enthusiasm across all issuers.

This concentration does not diminish the significance of the final figures. IBIT and FBTC are the main entry points for institutional investors, and their combined volume of $174.6 million is substantial. This means that the most accurate description of the situation is ongoing but more narrowly focused demand, rather than a second chaotic surge.”,”detected_source_language”:”RU