Bitcoin Dominates $1.3 Billion Crypto Fund Surge

A surge of $1.3 billion in crypto fund inflows from August 17 to 19 saw Bitcoin dominate, capturing 77.4% of the total.

The figures show that Ethereum also participated in the rebound, although at a much lower level than Bitcoin.

Bitcoin funds averaged $334.7 million per day over the three sessions, roughly 4.1 times its historical daily average of $81.0 million.

The largest contributors to the Bitcoin inflows were BlackRock's IBIT with $588.5 million and Fidelity's FBTC with $198.2 million.