Bitcoin exchange-traded fund inflows fell 76% ahead of the US Labor Day market closure, according to CryptoSlate. Seven funds recorded positive flows on Thursday, but the number narrowed to two on Sept. 4. BlackRock’s IBIT and Fidelity’s FBTC were the only Bitcoin ETFs to attract fresh money in the latest session covered. US exchanges were scheduled to remain closed on Monday for the Labor Day holiday, placing the weaker inflow data just before a long weekend. The figures indicate a marked reduction in the breadth of demand across the funds compared with the previous session, when seven products reported inflows. The report did not provide total flow amounts in the supplied material. Bitcoin is the primary asset linked to the ETF flow data.
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CryptoSlate
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