Bitcoin ETFs Score $244M Wednesday, Stretching Inflows to $626M
TL;DR
- Bitcoin inflows: US-listed Bitcoin ETFs added $244.4 million Wednesday, pushing their three-day total to $626 million.
- Market sentiment: Bitcoin rose to $64,744.53, but the Fear & Greed Index stayed at 25, signaling continued caution.
- ETF divergence: Ethereum ETFs gained $60.9 million while XRP ETFs saw $3.58 million in outflows, showing mixed momentum across crypto funds.
US-listed spot Bitcoin ETFs extended their strong start to August with another day of solid inflows, pulling in $244.4 million on Wednesday. The three-day stretch has now reached $626 million, according to figures tracked by SoSoValue, marking a clear shift in investor behavior as money continues flowing back into these products.
BlackRock’s iShares Bitcoin Trust remained the dominant force throughout the week. The fund attracted $479 million across the three sessions, pushing its cumulative net inflows to nearly $61 billion, according to Farside Investors data. No other Bitcoin ETFs came close to matching its haul, reinforcing IBIT’s position as the leading vehicle in the category.
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