Bitcoin ETFs See $244M Inflows on Wednesday

Bitcoin ETFs continued their strong start to August on Wednesday, attracting $244.4 million in new inflows.

This brings the three-day total to a significant $626 million, indicating a clear shift in investor behavior as money flows back into these products.

The dominant force behind this influx remains BlackRock's iShares Bitcoin Trust, which pulled in $479 million across the three sessions and has now seen cumulative net inflows of nearly $61 billion.

Despite the renewed interest in Bitcoin ETFs, sentiment remained subdued. The Crypto Fear & Greed Index held steady at 25, signaling 'Extreme Fear' among investors.