Bitcoin ETFs Draw in $626M as August Sees Renewed Demand

The US-listed spot Bitcoin ETFs have seen significant inflows at the beginning of August, collecting $626 million over the first three trading days. The funds drew in a total of $244.4 million on Wednesday alone.

BlackRock's iShares Bitcoin Trust was the main contributor to these inflows, accounting for approximately $479 million and bringing its lifetime net inflows to nearly $61 billion since January 2024. Fidelity's FBTC is second.

The spot Ether funds recorded a second consecutive positive session, adding $60.9 million on Wednesday and bringing their two-day haul to $114.6 million. Spot XRP products went the other way, shedding $3.58 million after a four-session run without redemptions.