US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows

US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows
фото показано с : bitcoinmagazine.com

2024-8-26 13:57

US spot Bitcoin exchange-traded funds recorded their sixth straight day of net inflows on August 23rd, totalling around $65 million. The sustained run of positive flows highlights the growing institutional demand for regulated Bitcoin exposure.

BlackRock's iShares Bitcoin Trust (IBIT) let the days inflow with $75.5 million. Launched in April 2024, IBIT has quickly become the biggest spot Bitcoin ETF, with over $20 billion in assets under management.

Fidelity's 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'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 assets under management crossing $20 billion, BlackRock's IBIT has attracted major investments from Morgan Stanley, Goldman Sachs, and pension funds. Its rise has cemented Bitcoin ETFs' spot as a gateway for institutional capital.

Overall, US spot bitcoin ETFs have seen a cumulative $250 million enter the products this week amid a resurgent Bitcoin market. The uninterrupted inflow streak signals strengthening institutional conviction after months of tepid interest.

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day inflows etfs million bitcoin saw sixth

Источник: bitcoinmagazine.com

day inflows → Результатов: 86


Фото:

BlackRock’s IBIT ETF rakes in $290 million in one day, lifting total net inflows to $16 billion

Quick Take Farside data shows that on May 21, the Bitcoin (BTC) exchange-traded funds (ETFs) collectively accumulated $305. 7 million, marking the largest single-day inflow since May 3. Despite the impressive overall figure, the breadth of inflows from ETF issuers remained relatively narrow, with only two issuers contributing to the surge.

2024-5-22 12:46


Grayscale Spot Bitcoin ETF Turns Positive After $17.5 Billion In Outflows, Sees Inflows For The First Time

In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch.  Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day […]

2024-5-5 03:00


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