Bitcoin Spot ETFs Log Fourth Consecutive Day of Net Inflows Totaling $606 Million
The Bitcoin spot ETF market saw significant inflows on August 20, with a total of $606 million pouring in. This marks the fourth consecutive day of net inflows, according to SoSoValue data.
Among the top performers was BlackRock's IBIT, which recorded a single-day net inflow of $503 million. This brings its total historical net inflow to an impressive $62.187 billion.
Fidelity's FBTC ETF also saw substantial growth, with a daily net inflow of $64.7375 million and a total historical net inflow of $10.146 billion.
On the other hand, VanEck's HODL ETF experienced a net outflow of $3.5916 million, despite its total historical net inflow reaching $1.062 billion.
The combined total asset value of spot Bitcoin ETFs now stands at $90.164 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market cap) of 6.18% and cumulative net inflows reaching $53.399 billion.