Bitcoin ETF Inflows Reach $2.26B While BTC Price Battles $80K
Key Insights:
- Bitcoin ETF inflows reached $2.26 billion across six consecutive sessions.
- BTC price remained near $80,000 after a sharp weekly rally.
- BlackRock and Fidelity dominated Monday’s institutional fund demand.
U.S. spot Bitcoin exchange-traded funds extended their inflow streak to six sessions on Monday, Aug. 24. The Bitcoin ETF group drew $337.6 million as Bitcoin crypto prices remained near $80,000. The Farside Investors data showed demand concentrated in the market’s two largest products.
The inflows came as BTC price posted one of its strongest weekly advances this year. CoinGecko data showed Bitcoin gained 24.5% over seven days. Spot-fund demand accompanied the rally, while sentiment data indicated stronger short-term risk appetite.
Bitcoin ETF Inflows Extend Six-Day Buying Streak
Farside Investors recorded $337.6 million of net Bitcoin ETF inflows for Aug. 24. BlackRock’s iShares Bitcoin Trust attracted $208.9 million, leading all U.S. spot funds during the session.
Fidelity’s Wise Origin Bitcoin Fund followed with $104.6 million in net inflows. Bitwise’s BITB added $3 million, while VanEck’s HODL drew $3.3 million.
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