Blackrock's IBIT Drives $175M ETF Inflows as Bitcoin's Price Falls Below $80K
Key TakeawaysU.S. bitcoin ETFs drew $174.60M, even as BTC slipped back below $80,000 on Friday.Blackrocks IBIT led flows, showing resilient demand despite stronger U.S. jobs data.Markets will watch the Feds September rate outlook as crypto ETF flows stay mixed. Bitcoin ETF Demand Holds Despite Price Retreat Wall Street ended the week with two competing signals: resilient demand for bitcoin exposure and a stronger-than-expected U.S. labor market that could complicate the path for interest rates. Bitcoin ETFs drew $174.60 million on Friday, with Blackrock‘s IBIT taking in $117.38 million and Fidelity’s FBTC adding $57.22 million. Trading value across the group reached $2.95 billion, while net assets closed at $101.25 billion. The flow was notable because the bitcoin price had already slipped back below $80,000 after breaking above the level a day earlier. ETF demand held up despite the pullback. Blackrocks IBIT has now attracted $3.575 billion over the past 30 days, reinforcing its position as the dominant institutional gateway to bitcoin. Discover more Finance FINANCE Track Stocks Bonds Strong start to September for bitcoin ETFs with almost a billion in inflows this week. Source: SosovalueEther Stays Positive as Hype Returns to Inflows Ether ETFs recorded $26.46 million in net inflows, though the session featured sharp moves between individual funds. Blackrock‘s ETHA brought in









