BlackRock's US Bitcoin ETFs Gain $75 Million in New Inflows on August 22
BlackRock's US Bitcoin ETFs received $75 million in new inflows on August 22, contributing to the six consecutive days of inflows for US spot Bitcoin ETFs, which have totaled over $250 million this week. The iShares Bitcoin Trust (IBIT) led the way with the highest influx of new capital, followed by Fidelity's Bitcoin fund (FBTC) and ARK Invest/21Shares's Bitcoin ETF (ARKB). Other Bitcoin funds, including WisdomTree's Bitcoin fund (BTCW), Grayscale's Bitcoin Mini Trust (BTC), and VanEck's Bitcoin ETF (HODL), also saw gains. However, Grayscale's Bitcoin Trust (GBTC) experienced over $28 million in outflows on Thursday, and investors have withdrawn nearly $20 billion from the fund since it was converted into an ETF. Despite this, US spot Bitcoin ETFs have experienced sustained inflows for six consecutive trading days, mostly into BlackRock's IBIT, which now holds over 350,000 BTC and has drawn institutional interest from major firms like Morgan Stanley and Goldman Sachs.
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