Bitcoin ETF Inflows Roar Back with $170 Million in One Day
U.S. spot Bitcoin ETF inflows rebounded sharply on August 3 after a brutal $265 million mass exit on July 31.
The seven funds that attracted cash accounted for nearly all of the $170.1 million in net inflows, with BlackRock's IBIT being the dominant player at $111.4 million or about two-thirds of the total.
Five other funds, including EZBC and Fidelity's FBTC, added smaller but still significant amounts to their assets under management.
While the rebound marks a welcome turn for Bitcoin ETFs after last week's heavy selloff, analysts may be waiting to see whether this trend can persist across multiple sessions rather than being a one-off anomaly.