Bitcoin ETFs Log Ninth Straight Day of Record Inflows Exceeding $3 Billion
Bitcoin's spot exchange-traded funds (ETFs) have seen nine consecutive days of net inflows, totaling over $3 billion. The latest figures show that on August 27, the US spot Bitcoin ETF group attracted $242.3 million in new capital. This streak began on August 17 and has brought significant investment into these funds.
BlackRock's iShares Bitcoin Trust (IBIT) was the standout fund, recording $277.6 million in net inflows. In contrast, Fidelity's FBTC suffered the largest outflow at $83.6 million, while Grayscale's GBTC recorded $27.2 million in withdrawals.
Despite this buying pressure, Bitcoin has fallen to around $79,000, down approximately 1.34% over 24 hours. The crypto market is closely watching Federal Reserve Chair Kevin Warsh's address at Jackson Hole for clues on the future path of US interest rates.