$242 Million Flows into US Spot Bitcoin ETFs for Ninth Straight Day
US spot Bitcoin exchange-traded funds (ETFs) recorded net inflows for the ninth consecutive trading day, according to data from SoSoValue. On August 27, a total of $242 million was added to these funds.
The BlackRock-led IBIT was at the forefront, with $278 million in net inflows. Since its launch, cumulative net inflows into IBIT have reached an impressive $63.398 billion.
ARK Invest and 21Shares' ARKB also posted notable net inflows of $29.7484 million. In contrast, Fidelity's FBTC logged the largest withdrawal among the funds that day, with a loss of $83.628 million in net assets.
Total net assets in US spot Bitcoin ETFs currently stand at $100.927 billion, equivalent to about 6.28% of Bitcoin's total market capitalization. Cumulative net inflows since launch have reached $54.832 billion.