US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows

US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows

U.S. Bitcoin ETFs posted their sixth straight day of net inflows on August 23, totaling about $65 million. This steady stream of positive inflows highlights the growing institutional demand for structured exposure to Bitcoin.

BlackRock’s iShares Bitcoin Trust (IBIT) has seen $75.5 million in inflows in the past few days. Launched in April 2024, iShares Bitcoin Trust (IBIT) has quickly become the largest bitcoin exchange-traded fund on the exchange, with over $20 billion in assets under management.

Fidelity’s Wise Origin Bitcoin Fund added another $9.2 million, while the ARK 21Shares Bitcoin ETF saw inflows of $7.8 million. Smaller Bitcoin ETFs like VanEck’s and WisdomTree’s also added several million each.

However, Grayscale’s Bitcoin Trust continued to lose money with outflows of $28.4 million as investors migrated to cheaper options. Grayscale’s Bitcoin Trust has lost more than $20 billion since converting to an exchange-traded fund structure in 2024.

With assets under management exceeding $20 billion, BlackRock IBIT has attracted significant investments from Morgan Stanley, Goldman Sachs, and pension funds. Its rise has cemented the status of Bitcoin ETFs as a gateway for institutional capital.

Overall, U.S.-based bitcoin ETFs saw $250 million inflows into the products this week amid the bitcoin market’s rally. The steady stream of inflows signals a strengthening of institutional conviction after months of tepid interest.

BitcoinconsecutiveDayETFsInflowssixth