On August 23, U.S. spot Bitcoin exchange-traded funds recorded their sixth consecutive day of internet inflows, totaling roughly $65 million. The continued constructive flows spotlight rising institutional demand for regulated Bitcoin publicity.
BlackRock’s iShares Bitcoin Belief (IBIT) noticed $75.5 million in inflows on the day. Launched in April 2024, IBIT has shortly change into the most important spot Bitcoin ETF, with over $20 billion in belongings below administration.
Constancy’s Smart Origin Bitcoin Belief noticed one other $9.2 million in inflows, whereas the ARK 21Shares Bitcoin ETF noticed inflows of $7.8 million. Smaller spot Bitcoin ETFs similar to VanEck and WisdomTree additionally added hundreds of thousands every.
Nevertheless, Grayscale’s Bitcoin Belief continued to hemorrhage cash, with outflows reaching $28.4 million, as buyers turned to cheaper choices. Since changing to an ETF construction in 2024, GBTC has misplaced greater than $20 billion.
BlackRock’s IBIT has greater than $20 billion in belongings below administration and has attracted vital funding from Morgan Stanley, Goldman Sachs and pension funds. Its rise has solidified Bitcoin ETFs’ standing as a gateway to institutional capital.
General, because the Bitcoin market recovers, U.S. spot Bitcoin ETF merchandise have collected a cumulative influx of US$250 million this week. The continued inflows counsel elevated institutional confidence after months of tepid curiosity.
