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BlackRock Dominates Bitcoin ETF Inflows Amid $338M Surge

Guavy AI Editorial Team
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BlackRock's iShares Bitcoin Trust dominated US spot Bitcoin ETF inflows on August 24, bringing in approximately $209 million, or 62% of the day's total net inflows of $338 million.

This significant influx follows several strong sessions for institutional demand, with Bitcoin ETFs taking in $517.2 million on August 19 and $606.3 million on August 20.

As a result, weekly inflows approached $1.9 billion as BTC held above the $80,000 mark.

Ethereum funds also saw significant gains, adding another $116 million on August 24, with BlackRock's ETHA attracting $90.92 million, representing about 78% of the day's total ETH ETF inflows.

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