US Spot-Bitcoin ETFs Draw Record $211.5 Million for Second Straight Day
US spot-Bitcoin exchange-traded funds (ETFs) continued their streak of attracting fresh money, taking in over $200 million for the second consecutive trading day. According to data from Trader T, these funds recorded net inflows of $211.5 million on August 5. This influx of capital has been a welcome trend for the industry.
BlackRock's IBIT led the pack with $170.35 million in net inflows, followed by Fidelity's FBTC, which drew $19.58 million. Other notable players included Ark Invest's ARKB and Bitwise's BITB, both of which posted significant gains. Morgan Stanley's MSBT also contributed to the growth.
The remaining products saw no net flows, indicating that some investors may be waiting for further developments before making a move. Despite this, the overall trend remains positive, with many experts optimistic about the future of Bitcoin and its associated ETFs.