BlackRock's IBIT Leads Bitcoin Spot ETF Inflows to $298 Million
Bitcoin spot ETFs saw significant inflows yesterday, August 17th, with BlackRock's IBIT leading at $160 million in net inflows. According to SoSoValue data, the total net inflow for all Bitcoin spot ETFs was a substantial $298 million.
This marks another strong day for IBIT, which has now seen historical total net inflows reach $61.256 billion. Fidelity's FBTC followed closely with a single-day net inflow of $112 million and cumulative net inflows totaling $9.994 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $78.671 billion. This represents a notable 6.09% market value as a percentage of Bitcoin's total market cap.