Crypto
Bitcoin ETFs Soar with $626M Inflows in August Rebound
US-listed spot Bitcoin ETFs have seen significant inflows in the first three trading days of August, collecting $626 million. This marks a rebound from the July selloff and cements BlackRock's iShares Bitcoin Trust as the largest issuer with nearly $61 billion in cumulative net inflows since its launch in January 2024.
The category saw $170.1 million in net inflows on August 3, followed by $211.49 million on Tuesday, and a whopping $244.4 million on Wednesday, lifting the three-day total to $626 million. BlackRock's iShares Bitcoin Trust contributed about $479 million of this amount.
Ether funds added $114.6 million over two days while XRP products broke a four-session run without redemptions, shedding $3.58 million.