BlackRock Dominates US Spot-Bitcoin ETF Inflows for Eighth Straight Session

US spot-Bitcoin exchange-traded funds (ETFs) have seen unprecedented institutional inflows, marking the eighth consecutive trading session of net inflows. According to Farside Investors' data released on August 27, US spot-Bitcoin ETFs recorded a staggering $232.2 million in net inflows on August 26.

The largest gains were seen in BlackRock's IBIT, which drew in $200.8 million, followed by Fidelity's FBTC with $25.6 million and Bitwise's BITB with $6 million. BTC and MSBT also posted significant inflows of $46.8 million and $3.4 million respectively.

In contrast, Grayscale's GBTC experienced net outflows of $50.4 million, marking a notable exception in an otherwise strong trend. The remaining products saw no notable changes in terms of net inflows or outflows.