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.