Bitcoin ETF Inflows Rebound After One-Day Outflow
U.S. spot Bitcoin exchange-traded funds (ETFs) absorbed $216.7 million in net inflows on August 31, reversing a single session of redemptions that ended a nine-day streak.
BlackRock's iShares Bitcoin Trust supplied $205.9 million of the total, adding roughly 2,600 BTC to its holdings. Other funds, including Fidelity's Wise Origin and Bitwise's BITB, also saw inflows.
The rebound follows a rough stretch for the products, which lost about $2.43 billion in May and shed roughly $4.5 billion in June, the worst month on record for the category. Prices sank to their lowest level since late 2024 before the selling pressure finally eased.
Despite August's strong run, the funds remain in net outflow territory for the year, with a cumulative total of near $54.85 billion.