Bitcoin ETFs Flooded with $170M as Blackrock Leads Gains
Bitcoin exchange-traded funds (ETFs) saw a significant influx of $170.09 million at the start of August, with seven funds recording gains and none reporting outflows. Blackrock's IBIT led the way, capturing nearly two-thirds of the category's daily net inflow with $111.43 million.
Fidelity's FBTC returned to positive territory with a $33.36 million addition, while Franklin Templeton's EZBC attracted $9.23 million and Invesco's BTCO received $6.67 million. Vaneck's HODL added $4.52 million, and Bitwise's BITB and ARK 21Shares' ARKB completed the gains with inflows of $2.77 million and $2.12 million, respectively.
No bitcoin ETF posted a withdrawal during this period, with total trading value reaching $2.11 billion, the largest turnover among tracked crypto ETF categories. Combined net assets closed at $77.58 billion.