American place Bitcoin exchange-traded funds recorded their sixth consecutive day of net inflows on August 23, totaling approximately $65 million. The continued streak of positive flows highlights growing institutional demand for regulated Bitcoin exposure.
from BlackRock iShares Bitcoin Trust (IBIT) flooded in with $75.5 million. Launched in April 2024, IBIT has quickly become the largest spot Bitcoin ETF, with over $20 billion in assets under management.
Fidelity Wise Origin Bitcoin Trust took in another $9.2 million, while the ARK 21Shares Bitcoin ETF saw inflows of $7.8 million. Smaller spot bitcoin ETFs like VanEck’s and WisdomTree’s also added several million each.
However, Grayscale Bitcoin Trust continued to lose money with $28.4 million in outflows as investors migrated to cheaper options. GBTC has lost more than $20 billion since switching to an ETF structure in 2024.
With assets under management exceeding $20 billion, BlackRock’s IBIT has attracted major investments from Morgan Stanley, Goldman Sachs, and pension funds. Its rise has cemented Bitcoin ETFs’ position as a gateway for institutional capital.
All told, U.S. spot bitcoin ETFs have seen a cumulative $250 million flow into the products this week amid a resurgent bitcoin market. The unbroken streak of inflows signals strengthening institutional conviction after months of tepid interest.