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Crypto

Bitcoin ETFs Absorb $626M As August Sees Renewed Demand

Guavy AI Editorial Team
Instruments
BTC XRP
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Spot Bitcoin ETFs have seen a significant influx of funds in August, collecting $626 million across the first three trading days. This comes after a punishing stretch in May and June, where US spot Bitcoin ETFs bled more than $8 billion.

The majority of these inflows came from BlackRock's iShares Bitcoin Trust, which contributed approximately $479 million and pushed its lifetime net inflows toward $61 billion since the funds began trading in January 2024.

Ether funds added $114.6 million over two days, while XRP products shed $3.58 million after breaking a four-session run without redemptions.

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