Bitcoin ETFs See $338M Inflow, Extending Streak to $2.26B

U.S. spot Bitcoin exchange-traded funds recorded net inflows of $337.6 million on Monday, August 24, extending a six-day winning streak that has brought total cumulative inflows to approximately $2.26 billion. The sustained buying, led by BlackRock's iShares Bitcoin Trust, coincided with Bitcoin's price trading above $80,000 and a notable shift in market sentiment toward risk appetite.

According to data from Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) attracted $208.9 million, accounting for roughly 62% of the day's total inflow. Fidelity's Wise Origin Bitcoin Fund followed with $104.6 million. Other funds, including Grayscale's Bitcoin Mini Trust and VanEck's HODL, saw smaller additions. The session marked the sixth consecutive day of positive flows, a run that has generated about $2.26 billion in combined net inflows, according to SoSoValue data.

The inflows occurred as Bitcoin's price posted one of its strongest weekly advances this year, gaining 24.5% over seven days. On Tuesday, August 25, Bitcoin traded around $79,101, according to CoinGecko, with a 24-hour range between $77,480 and $81,160. Despite a slight pullback below $80,000, the cryptocurrency...