Bitcoin ETFs Add $242M and Build a Strong $3B Streak
TL;DR
- ETF Momentum: Bitcoin ETFs secured $242.3 million in fresh inflows on Thursday, extending their nine‑session streak and pushing total additions since Aug. 17 to roughly $3.04 billion.
- Issuer Breakdown: IBIT led with $277.6 million in inflows, while FBTC saw $83.6 million in outflows and GBTC recorded $27.2 million in withdrawals.
- Market Action: Bitcoin briefly climbed above $81,000 before sliding to around $79,500 as traders awaited Kevin Warsh’s Jackson Hole remarks.
Bitcoin ETFs extended their steady run of inflows on Thursday, adding another $242.3 million and pushing their nine‑day streak past the $3 billion mark. The latest result highlights persistent demand across the US spot Bitcoin ETF category, even as Bitcoin itself experienced short‑term price swings ahead of a closely watched macro event.
Strong Ninth Day Caps a Powerful August Run
According to Farside Investors data, the Aug. 27 inflow marked the ninth consecutive trading session of net additions for Bitcoin ETFs. The streak began on Aug. 17 and has now brought approximately $3.04 billion into the funds. BlackRock’s iShares Bitcoin Trust was the clear standout, pulling in $277.6 million on Thursday. That figure exceeded the group’s overall net total because several competing products posted withdrawals.
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