Bitcoin ETFs See Second Consecutive Day of Inflows Totaling $211.5M
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of approximately $211.5 million on Aug. 4, marking a second consecutive trading day of positive flows.
This follows a similarly positive session on the previous trading day, indicating a potential shift in momentum after weeks of net outflows in July.
The majority of the day's inflows were into BlackRock's iShares Bitcoin Trust (IBIT), which attracted $170.3 million, while Fidelity's Wise Origin Bitcoin Fund (FBTC) added another $19.6 million.
Market analysts are closely watching these flows for clues about institutional positioning and whether it signals a lasting trend or not.