US Spot Bitcoin ETFs Draw $242 Million, Mark Ninth Straight Day of Inflows
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds recorded net inflows for a ninth consecutive trading day, with $242 million added on August 27.
Odaily, citing SoSoValue data on August 28, reported that total net inflows into US spot Bitcoin ETFs reached $242 million on August 27.
BlackRock's IBIT led the group with $278 million in net inflows. Since launch, cumulative net inflows into IBIT have reached $63.398 billion.
ARK Invest and 21Shares' ARKB also posted net inflows of $29.7484 million. Fidelity's FBTC, by contrast, logged net outflows of $83.628 million, the largest withdrawal among the funds that day.
Total net assets in US spot Bitcoin ETFs stood at $100.927 billion, equivalent to about 6.28% of Bitcoin's total market capitalization. Cumulative net inflows since launch were $54.832 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.