Crypto
US Spot Bitcoin ETFs Post Second Consecutive Day of Net Inflows
The US spot Bitcoin ETFs have seen their second consecutive day of net inflows on August 18, with approximately $189.3 million entering the market.
This follows a period of relative stability in Bitcoin's price, which has been trading between $58,000 and $62,000 over the past few weeks.
The largest fund, BlackRock's IBIT, led the day with net inflows of $143.6 million, followed by Fidelity's FBTC at $23.9 million, ARK Invest's ARKB at $19.7 million, and Bitwise's BITB at $16.1 million.
The consecutive inflow days suggest a shift in investor sentiment, with some institutional investors viewing current levels as an attractive entry point after the correction from March's all-time highs.