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- Bitcoin spot ETFs just saw a huge inflow of $252 million yesterday, the biggest since July 23.
- Despite some funds like Grayscale’s GBTC seeing outflows, others like BlackRock and Fidelity pulled in big money.
Bitcoin spot ETFs are seeing some serious action. On August 23, they brought in a massive $252 million in net inflows—the highest single-day amount since July 23. The funds have been on a hot streak with net inflows for seven straight days.
But Grayscale’s GBTC had an outflow of $35.55 million, showing not every player is having a good time. Meanwhile, its smaller ETF, the BTC mini, saw a positive inflow of $50.83 million.
Over at BlackRock, their IBIT ETF had a strong showing with an $86.83 million inflow, and Fidelity’s FBTC ETF wasn’t far behind, pulling in $63.99 million.
At press time, the top five spot Bitcoin ETFs by assets under management (AUM) are led by Grayscale Bitcoin Trust (GBTC) with $21.4 billion in AUM.
BlackRock’s iShares Bitcoin Trust (IBIT) follows with $2.2 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) comes next at $1.34 billion, ARK’s 21Shares Bitcoin ETF (ARKB) with $637 million, and Invesco Galaxy Bitcoin ETF (BTCO) rounding out the list with $295 million.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Jai Hamid
Jai Hamid has been covering crypto, stock markets, technology, the global economy, and the geopolitical events that affect markets for the past 6 years. She has worked with blockchain-focused publications including AMB Crypto, Coin Edition, and CryptoTale on market analyses, major companies, regulation, and macroeconomic trends. She has attended London School of Journalism and thrice shared crypto market insights on one of Africa’s top TV networks.
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