Bitwise Sees Record Inflows as Exchange-Traded Funds Dominate Bitcoin Market

Bitwise Bitcoin products have seen significant inflows in August, with the Bitwise Bitcoin ETF (BITB) holdings increasing to 36,868 BTC after a daily net capital inflow of $16.15 million.

This influx pushed net assets to $2.38 billion and Bitwise total assets under management exceeded $15 billion.

The growth follows a massive surge in June where digital asset investment products attracted $2 billion in inflows during the first week alone, with a five-week run-through June seeing $4.3 billion injected into the space.

Bitwise maintains $9 billion in client assets despite recent market volatility triggered by a Federal Reserve investigation and a weaker Dollar.