BlackRock’s IBIT Takes the Lead as Bitcoin ETFs Draw $337.6 Million

In the latest Bitcoin ETF News, BlackRock’s iShares Bitcoin Trust (IBIT) recorded $208.9 million in net inflows on August 24, while total net inflows across tracked US spot Bitcoin ETFs were $337.6 million, according to Farside Investors. Dividing IBIT’s $208.9 million by the $337.6 million category total produces a share of about 61.9%, or roughly 62%.

CoinGlass listed total spot Bitcoin ETF net inflows of $54.50 billion, equivalent to 681,290 BTC, as of its August 24 update. The same update showed daily net inflows of $337.60 million, or 4,340 BTC, daily trading volume of $8.23 billion, and total net assets of $79.16 billion.

Bitcoin ETF News: Recent Daily Flow Data

ETF flows just flipped from red to green, and one fund is soaking up nearly all of it.

Farside Investors reported positive total net inflows on 6 straight trading days: $297.5 million on August 17, $189.3 million on August 18, $517.2 million on August 19, $606.3 million on August 20, $307.5 million on August 21, and $337.6 million on August 24.

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