Crypto
Bitcoin ETFs Draw Over $1 Billion in Inflows During Five-Day Streak
U.S. spot Bitcoin ETFs have attracted nearly $1 billion in combined inflows over five consecutive trading days, marking a significant reversal from last week's withdrawals.
The funds saw net inflows of $853.5 million between August 3 and August 7, with BlackRock's IBIT driving most of the demand, accounting for roughly 81% of the category's total inflows.
During this period, ETFs recorded $170.1 million in net inflows on August 3, followed by $211.5 million on August 4, and then $244.4 million on August 5, marking the strongest session of the week.
The surge in demand brought total spot Bitcoin ETF net assets to approximately $79.50 billion by the end of August 7, representing around 6.10% of Bitcoin's market capitalization.