Spot Bitcoin ETFs Attract Record $606M as Institutional Appetite Grows

U.S. spot Bitcoin exchange-traded funds (ETFs) saw $606.3 million in net inflows on Aug. 20, marking four consecutive trading sessions of positive flows.

This figure surpassed the previous day's inflows, which had already represented the largest daily total in three months.

BlackRock's iShares Bitcoin Trust (IBIT) led the charge with $503.0 million in net inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $64.7 million and Bitwise's Bitcoin Fund (BITB) adding $26.4 million.

Ark Invest's ARKB saw $12.2 million, while Invesco's BTCO contributed $3.6 million.