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Crypto

Bitcoin ETFs See Strongest Weekly Inflows in Over 10 Months

Guavy AI Editorial Team
Instruments
BTC
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US spot Bitcoin ETFs saw their strongest weekly inflows in over 10 months as the price of Bitcoin tested levels near $80,000. From August 17 to August 22, these funds attracted a total of roughly $1.92 billion in net inflows.

The largest share of this capital came from BlackRock's iShares Bitcoin Trust, ticker IBIT, which pulled in an astonishing $503 million on August 20 alone. This represented over 83% of that day's total across all Bitcoin ETF products.

Other notable contributors to the week's inflows included Fidelity's FBTC and ARK 21Shares' ARKB. Trading volume across all spot Bitcoin ETFs surged by over 219% during this period, reaching $22.1 billion for the week.

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