Bitcoin Spot ETFs See Third Straight Week of Net Inflows

Bitcoin spot ETFs experienced their third consecutive week of net inflows last week. According to SoSoValue data, these funds saw a total of $987 million in new investment between August 31 and September 4, Eastern Time.

The largest recipient of this influx was Blackrock's IBIT ETF, which brought in $692 million. This marks the fund's highest single-week net inflows to date, with its historical cumulative total now standing at $64.06 billion.

Ark & 21 Shares ARKB ETF came in second, with $138 million in net inflows over the same period. Its own historical total has reached $1.46 billion.

However, not all Bitcoin spot ETFs saw positive growth last week. Grayscale's GBTC fund experienced a significant outflow of $47.9921 million, bringing its historical total net outflows to $27.65 billion.

The combined net asset value of all Bitcoin spot ETFs has now reached $101.25 billion, with the funds' overall market share reaching 6.33% of Bitcoin's total market capitalization.