Bitcoin ETFs add $189M as August net inflows approach $1B
US spot Bitcoin ETFs took in $189 million on Tuesday, lifting August net inflows to $951 million, while Ether ETFs added $71.5 million.
US spot Bitcoin ETFs attracted a net inflow of $189 million on Tuesday, bringing the August net inflows to $951 million. Ether ETFs contributed $71.5 million in inflows during the same period. The surge in Bitcoin ETF inflows follows a two-day period of gains, with $297.6 million in net inflows on Monday alone. These inflows account for over half of the funds' net inflows this month, according to SoSoValue data.
BlackRock's iShares Bitcoin Trust was the leading inflow, receiving $143.6 million, while Fidelity's Wise Origin Bitcoin Fund added $23.9 million. The increase in inflows came after three consecutive days of net outflows from August 12 to 14, when the funds experienced a loss of approximately $250 million. Cumulatively, net inflows into US spot Bitcoin ETFs have reached about $52.28 billion, with total net assets valued at roughly $79.3 billion.
At the time of writing, Bitcoin was trading at $64,234, and Ether was priced at $1,914, according to CoinGecko.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
