Bitcoin ETFs See Net Inflow of $160.05 Million

In the U.S., spot Bitcoin ETFs recorded a net inflow again on September 14, after five trading days. According to data from Trader T, the funds saw a total net inflow of $160.05 million. BlackRock's IBIT product led the inflows with $134.35 million, while Fidelity's FBTC fund saw an inflow of $53.33 million, Morgan Stanley's MSBT fund had $9.75 million, and Franklin Templeton's EZBC fund recorded $4.57 million. Strive increased its Bitcoin reserves to over 25,000 BTC. According to an 8-K filing made on September 14, Strive purchased 469 BTC at an average price of approximately $78,000. The total purchase value was $36.6 million, bringing the value of Strive's Bitcoin assets to approximately $1.95 billion. Strive's CEO, Matt Cole, stated that the purchase was financed by sales of the company's stock called SATA. However, Strive's purchasing pace has decreased compared to the previous week. Strategy has not made any new Bitcoin purchases for two weeks and its total reserves remain steady at 845,050 BTC.

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