Bitcoin Spot ETF Inflows Soar to $3.8B Over Three-Week Period

US-listed Bitcoin exchange-traded funds (ETFs) have seen a significant rebound in demand, with net inflows reaching $3.8 billion over a three-week period ending in late August.

The surge coincided with Bitcoin trading around the $80,000 level, with weekly inflows accelerating into the week ending Friday.

According to SoSoValue data, the funds pulled in $986.9 million during the week ending Friday, pushing cumulative net inflows over the past three weeks to $3.8 billion.

Total net assets across the suite were $101.3 billion on Friday, after rising to $103.3 billion the prior day. Since inception, cumulative net inflows reached $55.6 billion.