Bitcoin ETFs Draw $244.4M as Investor Interest Persists

The US spot Bitcoin exchange-traded funds recorded $244.4 million in net inflows on August 5, marking the third consecutive day of positive flows.

According to data from Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) led the charge with $196.8 million in inflows, followed by Fidelity's FBTC and Bitwise's BITB.

The inflows indicate sustained investor interest in regulated digital asset exposure despite ongoing market volatility.

VanEck's HODL fund saw outflows of $14.7 million, highlighting a divergence in investor preferences among the various funds.