Crypto
Bitcoin ETFs Soar with $244M Inflows as Price Hits $64K
US-listed Bitcoin ETFs continued their strong performance in August, attracting $244.4 million on Wednesday and bringing the three-day total to a substantial $626 million.
This influx of funds marks a clear shift in investor behavior as money continues flowing back into these products.
The dominant force behind these inflows was BlackRock's iShares Bitcoin Trust, which attracted $479 million across the three sessions and pushed its cumulative net inflows to nearly $61 billion.
The price of Bitcoin rose to $64,744.53 on Wednesday, but sentiment remained subdued as the Crypto Fear & Greed Index held in 'Extreme Fear' territory with a score of 25.