U.S. Bitcoin Spot ETF Sees Inflows For Six Consecutive Trading Days

IconCryptoNewsTerminal Staff22 Aug, 2024

cryptonews.jpg

U.S. Bitcoin Spot ETF Sees Inflows For Six Consecutive Trading Days

The U.S. Bitcoin spot ETF has seen inflows for six consecutive trading days, with a total of $64.8 million flowing into the fund on the 22nd. According to data from financial information platform Farside Investors, BlackRock IBIT saw the largest inflows with $75.5 million, followed by Fidelity FBTC with $9.2 million and Ark21Shares ARKB with $7.8 million. On the other hand, Grayscale GBTC saw outflows of $28.4 million and Bitwise BITB saw outflows of $11.5 million. The inflows into the Bitcoin spot ETF come as the price of Bitcoin has been rising steadily in recent weeks. Bitcoin is currently trading at around $24,000, up from around $22,000 at the beginning of the month.

Related News