Bitcoin spot ETFs see $101M inflows as ETH, SOL, and XRP face outflows

US spot Bitcoin ETFs pulled in $101.15 million in net inflows on September 2, snapping back from a rough previous session that saw $236.5 million walk out the door. That prior-day exodus was the largest single-day outflow since late July, making the quick reversal all the more notable. Meanwhile, spot ETFs tracking Ethereum, Solana, and XRP all posted net outflows on the same day. The divergence paints a picture of institutional capital gravitating back toward Bitcoin specifically, not digital assets broadly. Where the money went BlackRock’s IBIT was the dominant force, attracting $115.45 million on its own. That single fund accounted for more than the entire day’s net total, which tells you something about how the rest of the field performed. Grayscale’s Bitcoin Mini Trust added $30.42 million, while Morgan Stanley’s MSBT contributed $7.3 million. Bitwise’s BITB rounded out the positive contributors with a modest $4.19 million. Then there’s Grayscale’s legacy GBTC, which hemorrhaged $56.21 million. The fund has been a consistent source of outflows since converting from a closed-end trust to an ETF structure, as investors rotate into lower-fee alternatives. Several major issuers, i...