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recorded $730.9 million of net inflows on September 3, the largest daily total since January 14.
The case for treating this as a conviction signal is straightforward: a dozen funds absorbed the money in a single session as Bitcoin cleared $80,000 the same day. What complicates the read-through is the sequence.
BlackRock (NYSE: $BLK) iShares Bitcoin Trust (NASDAQ: $IBIT) led the session with more than $450 million, accounting for better than 60% of the day's flows.
The fund is the largest spot Bitcoin ETF, carrying $63.94 billion in assets under management.
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