Bitcoin ETFs Post $606 Million Inflow, Biggest Since May 1

Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $606.29 million in net inflows on August 20, marking a fourth consecutive day of inflows. The total is the largest single-day haul the funds have seen since May 1.

Spot Ethereum (ETH) ETFs added $221 million the same day, also extending a four-day inflow streak. The dual demand landed as bitcoin traded at $75,524, continuing a market-wide rally that has run through the week.

Bitcoin ETFs Extend a Four-Day Run

Thursday's inflow followed $517.19 million on August 19, $189.30 million on August 18, and $297.56 million on August 17. Combined, the four-day run has pushed cumulative net inflows for the category to $53.40 billion.

The last time Bitcoin ETFs booked a bigger single day was May 1. That day, the funds pulled in $629.73 million, and total net assets crossed $100 billion for the first time.

BlackRock's IBIT led the day's inflows with $502.99 million, more than 80% of the day's total. The broader crypto market rally that has lifted Bitcoin this week has coincided with a wave of short liquidations squeezing bearish positions across the market.

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