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BlackRock Bitcoin ETF Dominates $338M Daily Inflows

Guavy AI Editorial Team
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BTC
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BlackRock's iShares Bitcoin Trust (IBIT) took in $209 million on Aug. 24, accounting for about 62% of the day's total inflows into US spot Bitcoin ETFs.

The net inflows reached a staggering $338 million, with BlackRock leading the charge as BTC remained above $80,000.

This marks the latest strong session for institutional demand, following inflows of $517.2 million on Aug. 19 and $606.3 million on Aug. 20.

Weekly inflows are now approaching $1.9 billion, supporting Bitcoin's recent breakout.

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