Bitcoin ETFs Attract $211M in Two-Day Inflow Streak
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted net inflows of approximately $211.5 million on August 4, marking a second consecutive trading day of positive flows.
The data from Farside Investors shows that BlackRock's iShares Bitcoin Trust (IBIT) was responsible for the majority of the day's inflows, attracting $170.3 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) added another $19.6 million to the total.
The recent inflows follow a similarly positive session on August 3, indicating a potential shift in momentum after weeks of net outflows in July.
Market analysts are closely watching these flows for clues about institutional positioning, as sustained inflows into these funds can support Bitcoin's price by increasing demand for the cryptocurrency.