Crypto
Bitcoin ETFs Draw Record $1.92B as Price Tests $80K
US spot Bitcoin ETFs have seen their strongest weekly inflow in nearly ten months. The funds attracted nearly $1.92 billion in net inflows over the week ending August 22, with BlackRock's iShares Bitcoin Trust (IBIT) leading the way at $503 million on August 20.
This surge coincided with a significant price rally for Bitcoin, which rose by as much as 25% to test levels near $80,000. Since their launch in January 2024, these ETFs have accumulated about $53.7 billion in net inflows, with total assets under management reaching roughly $96.1 billion.
Spot Ether ETFs also saw substantial inflows of $697 million during the same period.