US Bitcoin ETFs saw sixth consecutive day of inflows

U.S. Bitcoin spot exchange-traded funds recorded their sixth consecutive day of net inflows on August 23, totaling approximately $65 million. The sustained cycle of positive flows highlights growing institutional demand for regulated exposure to Bitcoin.

BlackRock’s iShares Bitcoin Trust (IBIT) let the days enter with $75.5 million. Launched in April 2024, IBIT quickly became the largest spot Bitcoin ETF with over $20 billion in assets under management.

Fidelity’s Wise Origin Bitcoin Trust collected another $9.2 million, while the ARK 21Shares Bitcoin ETF saw inflows of $7.8 million. Smaller spot bitcoin ETFs such as VanEck and WisdomTree also added several million each.

However, Grayscale’s Bitcoin Trust continued to bleed funds with $28.4 million in outflows as investors migrated to cheaper options. GBTC has lost over $20 billion since converting to an ETF structure in 2024.

With more than $20 billion in assets under management, BlackRock’s IBIT has attracted major investments from Morgan Stanley, Goldman Sachs and pension funds. Its growth has cemented the position of Bitcoin ETFs as a gateway for institutional capital.

Overall, U.S. spot bitcoin ETFs saw a $250 million inflow into the products this week amid a resurgent Bitcoin market. The steady flow of flows signals strengthening institutional conviction after months of tepid interest.