U.S. spot bitcoin exchange-traded funds recorded their sixth consecutive day of net inflows on Aug. 23, totaling around $65 million. The sustained streak of positive flows highlights growing institutional demand for regulated exposure to bitcoin.
BlackRock’s iShares bitcoin Trust (IBIT) let the days flow with $75.5 million. Launched in April 2024, IBIT has quickly become the largest spot bitcoin ETF, with over $20 billion in assets under management.
Fidelity’s Wise Origin bitcoin Trust raised another $9.2 million, while ARK 21Shares’ bitcoin ETF saw inflows of $7.8 million. Smaller spot bitcoin ETFs, such as those from VanEck and WisdomTree, also added several million each.
However, Grayscale’s bitcoin Trust continued to lose funds with $28.4 million in outflows as investors migrated to cheaper options. GBTC has lost more than $20 billion since it became an ETF structure in 2024.
With assets under management exceeding $20 billion, BlackRock’s IBIT has attracted significant investments from Morgan Stanley, Goldman Sachs and pension funds. Its rise has cemented bitcoin ETFs’ place as a gateway for institutional capital.
Overall, U.S. spot bitcoin ETFs have seen a cumulative total of $250 million flow into the products this week amid a resurgence in the bitcoin market. The unbroken streak of inflows indicates a strengthening of institutional conviction after months of tepid interest.