After a brief stagnation, spot Bitcoin ETFs in the United States have resumed their net inflow momentum, noted again after five trading days. Data shared by Trader T on September 15 reveals a significant net inflow of $160.05 million into these funds on the previous day. Meanwhile, the asset manager Strive, based in the U.S., has continued its Bitcoin purchases, bringing its total reserves to over 25,000 BTC.
BlackRock Leads the Charge in Bitcoin ETF Growth
A positive shift was noted on September 14 in U.S. spot Bitcoin ETFs, marking their first net inflow since September 4. BlackRock’s IBIT product recorded the highest single fund inflow at $134.35 million.
Further interest was seen with Fidelity’s FBTC fund, which attracted $53.33 million, Morgan Stanley’s MSBT fund with $9.75 million, and Franklin Templeton’s EZBC fund which received $4.57 million. No significant inflows or outflows were reported in other products according to the shared data.
Strive: Expanding Bitcoin Asset Holdings?
Strive has been expanding its corporate Bitcoin reserves alongside ETF inflows. According to an 8-K filing on September 14, the company acquired 469 BTC last week at an average price of approximately $78,000. This purchase, amounting to $36.6 million, raised Strive’s Bitcoin holdings to a value close to $1.95 billion with current market prices.
Strive CEO Matt Cole revealed that the entire purchase was financed through proceeds from the sale of SATA, the company’s perpetual preferred shares, which have recently exceeded $1 billion in nominal circulation.
Nevertheless, there has been a slowdown in Strive’s purchasing pace, compared to the previous week’s acquisition of 1,375 BTC for about $109 million. Ranking fifth among publicly traded companies by Bitcoin reserves, Strive is behind Strategy, Twenty-One, Metaplanet, and MARA. Cole speculates a potential rise to the second position by year’s end, though this is not the company’s primary goal.
– High influx of funds into Bitcoin ETFs, especially from BlackRock.
– Strive significantly increases Bitcoin reserves, totaling over 25,000 BTC.
– Strategy stabilizes its Bitcoin holdings with no new purchases.
Strategy, the world’s largest corporate Bitcoin holder, did not make any further acquisitions for the second consecutive week. The company’s total Bitcoin reserve remains steady at 845,050 BTC. Recently, Strategy opted to repurchase approximately $139.3 million worth of its preferred STRC shares using cash resources.
